Stephen Marglin
| Stephen A. Marglin | |
|---|---|
| Born | California, United States |
| Nationality | United States |
| Institution | Harvard |
| Alma mater | Harvard |
| Influences |
Karl Marx John Maynard Keynes Friedrich Hayek |
Stephen Alan Marglin is an American economist. He is the Walter S. Barker Professor of Economics at Harvard University, a fellow of the Econometric Society, and a founding member of the World Economics Association.
Marglin grew up in a moderately left-wing Jewish family, and attended Hollywood High School in Los Angeles before moving to Harvard for his university studies in 1955. He earned membership of Phi Beta Kappa, and graduated summa cum laude (1959). He was then honored with a Harvard Junior Fellowship (1960–63), and was later a Guggenheim fellow.
Marglin started out as a neoclassical economist, and was regarded, even while still an undergraduate, as the star of Harvard's economics department. Arthur Maass, the Frank G. Thomson Professor of Government, Emeritus, at Harvard, once remembered how Marglin, "when he was just a senior, wrote two of the best chapters in a book published by a team of graduate students and professors." His exceptional early contributions to neoclassical theory led to his becoming a tenured professor at Harvard in 1968, one of the youngest in the history of the university.
After the late 1960s, however, having been immersed in the events of that decade, and possessing the security of tenure and the psychological confidence of having made it to the top tier of mainstream economics, he followed the lead of people like Samuel Bowles, Herbert Gintis and Arthur MacEwan by turning his back on orthodox economics and permitting his left-wing world view to express itself in his academic work. According to his former teacher, James Duesenberry, Marglin's career subsequently suffered as a result of his department and university taking a negative view of this transformation.Brad DeLong noted in a similar vein that the wider community of Ivy League economists also took a rather dim view of Marglin's post-tenure "deviancy", something that has "not been pretty" to observe.
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