This latest update is from Prof. David Ruccio’s blog. Ruccio is one of the remaining ECOP faculty. He teaches political economy and Marxian economic theory (and teaches a lot of neoclassical theory while at it). His excellent instruction earned him a Rev. Edmund P. Joyce, C.S.C., Award for Excellence in Undergraduate Teaching this year. Here is what he had to say:
It’s official: the University of Notre Dame has decided to eliminate the Department of Economics & Policy Studies. The existing faculty in that department have been encouraged to find a position in another unit, at ND or elsewhere.
No explanation has been given as to why such a move is necessary. What it means, however, is that the only department of economics that will remain at ND is devoted exclusively to neoclassical theory.
This is a blow to academic freedom. And, of course, the irony is that the university is embracing neoclassical theory precisely when, in the context of the current crisis, that theory is being called into question and the conversation about economics is, after a long period of neoclassical hegemony, finally opening up.