The Crimson Ed Board, which is usually a fairly center-left group of folk, enthusiastically welcomed Greg Mankiw to the post of teaching Ec 10. I already briefly mentioned and had some comments on this last week. In fact, Jernigan’s comment is similar enough to the Ed Board’s position that I wonder if he’s been moonlighting.
In any event, I could not disagree more. First, it’s important to understand the relevance of the course. It is the biggest class at Harvard. It is taken by almost everyone who enters the fields of Government, Social Studies and, of course, economics. This is not a normal class in which a small bias can be ignored as a part of a greater whole.
Second, the class used to be co-taught. Back when there were liberals in the Ec Department who didn’t openly accept the idiotic theory that individuals act on an inherently “rational” (read: selfish) basis and that society as a whole was improved when society as a whole progressed. It is accepting the presuppositions of the neoclassical conservative to say that this is science and liberal understandings of greater good are not. Do not believe it.
For more on this I would recommend reading two book and two articles. First, since most of you have probably read Smith’s Wealth of Nations in Ec 10, go read Theory of Moral Sentiments, his other book. You’re going to realize that our fetishized version of the neoclassical Smith is WAY off. Second, read two articles from the late 19th century, the first by Sumner called “Sociology” in which he argues for a conservative “science of sociology” in which individuals act selfishly. Then, read the response by Ward called “Mind as a Psychic Factor” in which he argues that the human mind and the ability to have morality and progress that goes beyond acting selfishly, and instead learning to act collectively, is the most recent and important step in human evolution.
Thoughts?