[Papers
and Talk Available On-Line] [Disclaimer and
Warning]
My
Biography & Educational Philosophy
Born in
I have attained the lofty status of (full) professor. In addition to teaching, researching, and advising students, I have participated in the Economic Status of the Faculty committee [the closest that the LMU has to a labor union] and the Library committee, having served on the Westchester Budget Committee, the Frank L. Sullivan Social Justice Committee, and the Campus Grounds and Facilities Committee. Currently, I am on the Academic Program and Review Committee.
I am married to Fran Goldfarb, a health educator who is the director of Parent & Family Resources at the Center for Child Development, of the University Affiliated Program at Children's Hospital Los Angeles. Our son Guthrie (born 1990) seems like a potential professor.
I enjoy both teaching and doing research, and see them as working together: teaching suggests ideas for research while empirical and theoretical investigation helps me garner materials for teaching. (Hey, that's what economics addicts call complementarity!) Though I hardly live up to this ideal, I would love to be a renaissance man, learned in many subjects. My main question is “Why?”: I am always interested in the mechanisms and forces that cause some event or phenomenon to occur. Though I am a born skeptic, I believe in maintaining working hypotheses about almost everything, to be tested empirically, logically, and in practice.
Interested in many subjects, I consider myself to be a practitioner of political economy, a field that includes normally-defined economics only as a part. Political economy also includes elements of psychology, sociology, political science, history, philosophy, and anthropology. (Biology and physics are also interesting to me; I majored in chemistry in my first year as an undergraduate.) A key difference between political economy and “normal” neoclassical economics is that it tries to use theory to explain political decisions rather than treating them as unexplainable, and/or unexamined. My brand of political economy takes into account the large class differences in political power, so that those with large net worth have disproportionate clout in political decision-making. I see capitalism (which is much more than mere markets) as a human-created institution that will not last forever and has its own “laws of motion.”
I see the divisions between the social sciences as largely artificial. They can interfere with one's ability to understand the world. (In fact, even narrowly-defined economics should be seen as a sub-set of sociology, since it deals with relationships among people.) Rather, the theoretical and empirical resources I use should be limited only by the question that I am trying to answer. To understand important questions, it is important to look at not just the workings of markets (and the technical details of economic theory) but also artificial institutions such as capitalism, gender and ethnic hierarchies, plus the historical process. Of course, it is important to know up-to-date orthodox economic theory, especially of the more sophisticated sort. (Sophisticated orthodox theory is empirically-oriented rather than trying to force the world into the rubric of general equilibrium and the like.)
My more specialized work centers on macroeconomics, along with “neighboring” fields such as labor economics, money & banking, and economic history. I apply a dynamic-disequilibrium approach (deriving from such classical economists as Adam Smith and Karl Marx, along with moderns such as John Maynard Keynes, Michal Kalecki, Karl Polanyi, and Joseph Schumpeter). I am interested in such historical issues as the origins of the Great Depression of the 1930s.
Going further, I am fascinated by utopian novels and political theory. I have taught Honors Program and economics courses on utopian novels, while the political economic of classical liberal political theory (Hobbes, Locke, and Rousseau) is the topic of a recent published paper of mine.
In recent years, I have participated with my wife in the
Member: American Economics Association; Union for Radical Political Economics; Conference of Socialist Economists; Association for Social Economics; Progressive Economists' on-line discussion group (pen-l).
(1) For those excited by such
trivia as the fact that actor Tommy Lee Jones was Al Gore's roommate in
college, I was the roommate of economics superstar and New York Times
pundit, Paul Krugman. Unlike with Al Gore, Erich Segal didn't base any novels
on my life.
Last modified: 23-Mar-06. Created by: James Devine - jdevine@lmu.edu
