Albert Einstein by Sabine Werner

By Sabine Werner

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Nevertheless we met in my living room at home for the next five years or so. Some four or five doctoral dissertations related directly to the work of the seminar, or influenced by it, came out of the group. So did my URPE paper, which was chiefly a synthesis and summary of the work of the seminar. I went on to publish a number of other papers on the ghetto economy and two books, one with the same title as my URPE paper, and the other The Political Economy of the Urban Ghetto, co-authored with Timothy Bates.

Fusfeld showed ‘a genuine interest in his students’, even, or especially, in those who were struggling academically. ’ For Fusfeld, it was enough that the student showed some interest. A former student reminisces that when he—‘an undereducated, over confident’ undergraduate senior—asked to take Dan’s graduate history of economic thought, he was granted the opportunity, his 24 NAHID ASLANBEIGUI AND YOUNG BACK CHOI ‘undistinguished transcript embellished with a full complement of gentlemanly Cs’ notwithstanding.

I didn’t see much equilibrium in the actual functioning of the day-to-day economy and certainly not in the passage of the economy over time. I was not at home with the reduced version of Keynesian economics then in vogue, or with the growing reduction of economic theory to mathematical models. Nevertheless, my thinking at that time was well within the mainstream, but with a broad institutional and historical emphasis. This intellectual framework began to change during the 1960s. That decade, like the 1930s, was a period of turmoil.

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