Resnick UMass Economics

Remembering Stephen Resnick (1938-2013)

Stephen Resnick

The Department of Economics announces the passing of Stephen Resnick, one of our greatest scholars and a founder of the modern department. Steve was one of the leading Marxist economists and Marxian theorists of his generation. A winner of the University of Massachusetts Distinguished Teaching Award, Steve’s classes inspired many scores of graduate students and thousands of undergraduates.

Steve earned his PhD at MIT in 1964 and came to UMass Amherst in 1973 after teaching at Yale and City College of New York. With longtime collaborator UMass Amherst Economics Professor Emeritus Richard Wolff, Steve was a founder and leader of the Association of Economic and Social Analysis and the Rethinking Marxism journal, conference, and movement. Steve was Professor Emeritus and Helen Sheridan Memorial Scholar. At the time of his death, he was working on a multitude of projects including entitlements and benefits in a capitalist economy.

For more about Professor Resnick, his life, and his accomplishments, you can visit his online memorialread The Republican story, written by one of his former students, and read The Daily Collegian article.



MacDonald Receives William R. Waters Research Grant

UMass Amherst graduate student Daniel MacDonald is the recipient of a $5,000 William R. Waters Research Grant for his project, “Social Economics: Social Justice and Institutions in Historical Perspective.”

This is the second year in a row that a UMass Economics student has won this prestigious Waters award that is given to promising new faculty members who have not yet been granted tenure and for graduate students in Ph.D. programs who have not yet completed their dissertations. His focuses on Law, Labor, and Capitalism in U.S. History.

This recognition comes on the heels of the Horvat-Vanek Prize that MacDonald received for his paper, “Understanding the Sources of Productivity Growth during Industrialization: An Empirical Investigation of the Dynamic Properties of Piece Rate Contracts.”