In today's entry, I will finish my initial summary and analysis of The Economic Consequences of the Peace. My hope is that by Sunday evening I will have at least bare bones sketch of my presentation for our Faculty Festival of Achievement. And with my colleague's permission, I will post both my presentation and his. … Continue reading Chapters IV, V and VI
In Chapter 3 of the Economic Consequences of the Peace Keynes sets forth his analysis of why President Woodrow Wilson failed to gain acceptance of his Fourteen Points. Put simply, perhaps even a bit simplistically, Keynes' explanation is that Wilson was simply not prepared, given his overall temperament, to confront the more polished, persistent, and … Continue reading Chapter 3 of the Economic Consequences: Wilson vs. Clemenceau.
The original title of this post "Should Post Modernism Die?" created misunderstanding and has now been changed to better reflect the point I was trying to make. Critiques of "Post Modernism" are not limited to the right or popular culture. For example, see Chomsky's Critique of Focault or the response of multiple Pragmatists such as Hilary … Continue reading Post-Modernism’s cul de sac.
I want to begin my analysis of Chapter 2 with a couple of prefatory comments. We can read a work such as Economic Consequences of the Peace as a work unto itself. Alternatively, we can permit ourselves the luxury of putting the work into the larger context of the body of the author's work. Both have … Continue reading Economic Consequences: Chapter 2
A colleague of mine and I in the English and Humanities Department at my University (Shawnee State University) will be working on a project on John Maynard Keynes' "The Economic Consequences of the Peace." We are starting with an exchange during an event sponsored annually at my University called "Faculty Festival of Achievement". I will … Continue reading Announcing: The Economic Consequences of the Peace. An Exchange.
I’m probably as guilty as anyone of criticizing millennials. In fairness though, I hope that all of us who are for example, past the age of “Generation X” understand that the refrain “kids these days” is a perpetual one. And if we are unhappy with what the kids are doing, we need look no farther … Continue reading Teaching Anti-Labor Lessons
In my previous posts on secular stagnation I noted the common threads between the New Classical effort to build macroeconomics on the foundations of neo-Walrasian general equilibrium theory and the ways in which mainstream Keynesians have found themselves in a decades long cul de sac of ad hoc reasoning. While I agree with the arguments … Continue reading Does economics need axiomatic foundaions?
An absolutely horrific act was committed in Nice, France last week. Like the attack in Florida, the murderer had only tenuous and recent ties to Daesh (ISIS), though Daesh (ISIS) has embraced the murderer of dozens of people as a soldier. Then there was an attempted coup in Turkey which is now being followed by revenge … Continue reading In response to Paris, the Newt spouts dangerous nonsense.
In a previous post I discussed the recent turn of some notable mainstream economists towards reconsideration of Alvin Hansen’s thesis of secular stagnation. It would seem that there is a more general trend at work here, which embodies at least two themes: A modest revival of some parts of the “Old Keynesian” class of models, … Continue reading Slouching Towards Secular Stagnation: Part 2
I'm still thinking through the implications of the turn to Hansen's secular stagnation thesis and I plan to get back to it this weekend when I've had some time to ponder a few issues. For today however, I'm going to switch tracks a little bit to talk about Democrats, Republicans, gun control, civil liberties and … Continue reading On Democrats and Civil Liberties