Tag: John Maynard Keynes

CUNY, Corona, and Communism

The coronavirus has hit CUNY, where I teach, hard: more than 20 deaths of students, faculty, and staff, and counting. Yet the impact of the virus on CUNY has received almost no press coverage at all. At the same time, the media continues to focus its higher education coverage, during the coronavirus, where it always has: on elite schools. The combination of these elements—the unremarked devastation at CUNY, the outsized attention to wealthy colleges and universities—led me to write this piece for The New Yorker online: It seems likely that no other college or university in the United States has suffered as many deaths as CUNY. Yet, aside from an op-ed by Yarbrough in the Daily News, there has been little coverage of this […]

Counterrevolutionary Backsliding, from the Golden Calf to Keynes

One of the elements of the Exodus story I’ve always been interested in is the backsliding; it fits with my interest in counterrevolution, I suppose. The Israelites flee Egypt, bondage, and Pharaoh, but while they wander in the desert, they’re constantly tempted to go back. Literally, to Egypt, and figuratively, to bondage, to false gods, to idol worship. The Bible often speaks of these “murmurings” of the people of Israel. And the whole congregation of the children of Israel murmured against Moses and against Aaron in the wilderness; and the children of Israel said unto them: “Would that we had died by the hand of the Lord in the land of Egypt, when we sat by the flesh-pots, when we did eat […]

Edmund Burke to Niall Ferguson: You know nothing of my work. You mean my whole theory is wrong. How you ever got to teach a course in anything is totally amazing.

A minor footnote to the controversy over Niall Ferguson’s homophobic remarks about John Maynard Keynes. Ferguson claimed that the key to Keynes’s economic philosophy is a selfishness and short-termism rooted in the fact that Keynes was gay and had no children. No kids=no future=big deficits. What is supposed to have prompted Ferguson to these meditations was a question comparing Keynes to Edmund Burke. According to the main report, “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.” As Ferguson explained in the apology he subsequently issued, “The point I had made in my presentation was that […]