Karl Marx’s Intuitions: Marx’s Enthusiasm for the Market

The extremely smart Ricardo Hausmann has good ideas for the reform of public-policy school education: Ricardo Hausmann: Don’t Blame Economics, Blame Public Policy https://www.project-syndicate.org/commentary/blame-public-policy-not-economics-by-ricardo-hausmann-2019-08: "Public-policy schools, which typically have a strong economics focus, must now rethink the way they teach students–and medical schools could offer a model to follow.... Economics is to public policy what physics is to engineering, or biology to medicine. While physics is fundamental to the design of rockets that can use energy to defy gravity, Isaac Newton was not responsible for the Challenger space shuttle disaster. Nor was biochemistry to blame for Michael Jackson’s death. Physics, biology, and economics, as sciences, answer questions about the nature of the world... generating... propositional knowledge. Engineering, medicine, and public policy, on the other hand, answer questions about how to change the world.... Although engineering schools teach physics and medical schools teach biology, these professional disciplines have grown separate from their underlying sciences.... Public-policy schools, by contrast, have not undergone an equivalent transformation.... Policy experience before achieving professorial tenure is discouraged and rare. And even tenured faculty have surprisingly limited engagement with the world, owing to prevailing hiring practices and a fear that engaging externally might entail reputational risks for the university. To compensate for this, public-policy schools hire professors of practice, such as me, who have acquired prior policy experience elsewhere.... The teaching-hospital model could be effective in public policy.... Consider, for example, Harvard University’s Growth Lab, which I founded in 2006 after two highly fulfilling policy engagements in El Salvador and South Africa...

#noted #2019-11-26