Chapter 3 of the Economic Consequences: Wilson vs. Clemenceau.

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.

Post-Modernism’s cul de sac.

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.

Announcing: The Economic Consequences of the Peace. An Exchange.

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.

Does economics need axiomatic foundaions?

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?

In response to Paris, the Newt spouts dangerous nonsense.

  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.

Slouching Towards Secular Stagnation: Part 2

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