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Stephen A. ResnickAmerican heterodox economist
Date of Birth: 24.10.1938
Country:  USA |
Content:
Biography of Steven Resnick
Steven Resnick was an American heterodox economist known for his analytical work on classical theories by Karl Marx. He gained considerable recognition for his collaboration with Richard D. Wolff, focusing on Marxist economics, economic methodology, and class analysis.
Education
Resnick earned a bachelor's degree in Economics from the University of Pennsylvania in 1960. He then went on to complete his Ph.D. in Economics at the Massachusetts Institute of Technology in 1964. His doctoral dissertation involved econometric analysis of the European Economic Community.
Career
From 1965 to 1971, Resnick worked at Yale University alongside Stephen Hymer, researching economic development and international political economy. However, he was dismissed from Yale after signing an anti-war petition. He briefly worked at the City College of New York from 1971 to 1973 before joining the economics faculty at the University of Massachusetts Amherst.
Resnick's collaboration with Richard D. Wolff began at the University of Massachusetts Amherst. Together, they produced several influential works in the field of class analysis, including articles and books exploring Marxist and non-Marxist theories, various social formations, and radical variations of economic theories. Their joint research is credited with contributing to the development of Louis Althusser and Étienne Balibar's book "Reading Capital." In their work "Knowledge and Class," they presented a nuanced interpretation of the second and third volumes of Marx's "Capital," focusing on the conditions for the existence of different forms of production, appropriation, utilization, and distribution of surplus labor.
Rethinking Marxism
In 1989, Resnick and a group of colleagues and former students launched the "Rethinking Marxism" project. It aimed to provide a platform for reevaluating and reinterpreting Marxist theories and principles in a contemporary context. The project included a scholarly journal, which analyzed not only Marx's economic theories but also his sociological research. Resnick served on the editorial board of the journal until 1994 and later became a member of its advisory board.
Teaching and Awards
In addition to his research, Resnick was an active educator. He conducted seminars and preparatory courses while supervising doctoral students at the University of Massachusetts Amherst. He received numerous awards for his achievements in teaching.
Death
Steven Resnick passed away on January 2, 2013, at the age of 74, due to leukemia.
