Stay Classy, Niall Ferguson
Via the Financial Advisor: Harvard Professor Trashes Keynes For Homosexuality
Speaking at the Tenth Annual Altegris Conference in Carlsbad, Calif., in front of a group of more than 500 financial advisors and investors, Ferguson responded to a question about Keynes’ famous philosophy of self-interest versus the economic philosophy of Edmund Burke, who believed there was a social contract among the living, as well as the dead. Ferguson asked the audience how many children Keynes had. He explained that Keynes had none because he was a homosexual and was married to a ballerina, with whom he likely talked of "poetry" rather than procreated.
[…]
Ferguson, who is the Laurence A. Tisch Professor of History at Harvard University, and author of The Great Degeneration: How Institutions Decay and Economies Die, says it’s only logical that Keynes would take this selfish worldview because he was an "effete" member of society.
So, I guess this means that any theorists who is childless ought not be listened to. Never mind any actual engagement of their arguments! No, if they are effete and childless, that’s all you need to know.
Also, so much for the notion that all Ivy League profs are raging liberals.
All of this reminds me of a Dan Drezner post a while back: Intellectual power and responsibility in an age of superstars.
… some will say that modern macroeconomics is nothing more than a technique smart people use to wrap their personal biases in cryptic numbers and pseudo-legitimacy. Ferguson does nothing to undermine that claim.
From Wiki – “In 1921, Keynes fell “very much in love” with Lydia Lopokova, a well-known Russian ballerina, and one of the stars of Sergei Diaghilev’s Ballets Russes. For the first years of the courtship, Keynes maintained an affair with a younger man, Sebastian Sprott, in tandem with Lopokova, but eventually chose Lopokova exclusively, on marrying her.[124][125] They married in 1925.[96][114] The union was happy, with biographer Peter Clarke writing that the marriage gave Keynes “a new focus, a new emotional stability and a sheer delight of which he never wearied”.[126][127] Lydia became pregnant in 1927 but miscarried.” At one time a little bit of buggery amongst the English Public School set wasn’t regarded as a big deal, nor necessarily a life style.
The problem with Ferguson, and many conservative writers, is not a lack of class, it’s that they lie.
Niall ought to know better.
Keynes was usually the smartest man in the room, and even in his current state (that is, dead), we know that if Niall was in the room with him, Keynes would still be the smartest man in the room.
For some macro with less irrationality:
Fiscal consolidation: At what speed?
and
Its come to this-conservative. s know they have been proven wrong (AGAIN!) and have no arguments against Keynesianism, so they attack the man!
Pathetic. Why can’t Ferguson-and the numerous conservatives here on this blog and elsewhere-just admit they were wrong?
@stonetoolswrop:
Hey, didn’t Nate Silver have a squeaky voice, and so Romney was going to win, or something?
Niall has his right wing hymnal open.
@al-Ameda: He probably does know better. He lied to please his audience. Of late, reality has been pretty hard on anti-Keynesians. He had to say something.
Similarly, Margaret Thatcher also famously came out for self-interest and against the social contract when she declared that “there is no such thing as society” because she was a lesbian and not a married mother of two children….hey, wait a minute.
I’ll tell you who deserves more condemnation: Alan Turing. Sure he helped break German codes during WWII, helped formalize concepts such as ‘algorithm’ and ‘computation’ is generally considered the father of modern computing with the invention of the Turing Machine.
But he really should have been defined by his homosexuality. His prosecution by the U.K. and chemical castration treatment were absolutely necessary. And his suicide, although understandable, was probably for the best. I mean what else was worthy about the man besides his sexual orientation?
And Nate Silver was “too effeminate,” so his numbers are highly suspect. 2 + 2 = $3. Do I have to spell it out?
Time for this dude to resign.
I’m not sure how Niall was ever let into the liberal-media-academe cabal? I swear I remember voting against his membership as a liberal trustee. Those damn academe members must have rigged the vote.
@Neil Hudelson:
You know how Liberals always seem to be taken in by a British accent.
Among other things, the scale of rewards for academic superstars has ramped up. My dissertation director was R.R. Palmer, one of the most eminent American scholars of the French Revolution. He taught at Princeton and at Yale, but only at one place at one time. Ferguson, the spoiled child of the think tank brotherhood, seems to be multiple places at once. He can’t be doing a good job for all his employers at once.
@al-Ameda: I don’t know… I think we all agree Piers Morgan is complete twit…
@SC_Birdflyte: “Ferguson, the spoiled child of the think tank brotherhood, seems to be multiple places at once. He can’t be doing a good job for all his employers at once. ”
I think that he is – it’s not hard to be a hack for multiple causes and patrons at the same time.