Actually, the
study of
political economy is
alive and well in many
respected political
science/
studies departments
outside the US. My
guess is that the association between
Marxism/
socialism and political
ecomony has scared off many of the
American acedemics who would have otherwise studied it.
There is a whole
world outside of the US with many
brilliant people and excellent
ideas, it's a
shame that American
institutions are so often
closed to other points of view.