The Gay Economist

by Teréza Eliasz-Solomon (HeiressMommy™)

jmk-keynesLong a personal fan [like my erudite Liberal parents before me] of Keynesian economic theory, I was daunted by the recent Niall Ferguson controversy where he suggested Keynes theories invalid on account of that famed economist having been gay and childless. The suggestion was the Keynes could not have been forward thinking about the future of day to day economics as he had no progeny to care about. Well now – REALLY one must ask? Let me begin by firmly stating that Keynes actually cared a great deal about the long run consequences of financial policies – just not at the risk of destroying current day stability for the nation involved or the world. With that REAL fact out of the way – we must give consideration to the prejudicial tonality of Harvard Professor Ferguson’s assertions. Surely as we are all informed and directed by personal narratives, so was John Maynard Keynes but this does not in any way denote the rhyme nor reason for his scholarship on the subject of economics. Let us examine the implications of lifestyle choices on topics of great importance and while doing so inform ourselves on those determined to minimize that which they find offensive or incorrect through misconceived ideas.

Dismissive attitudes make examining REAL and pertinent ideas almost impossible … you have heard the excuse of he or she thinks that because he or she is such and such. Silly when one considers that each of us come to conclusive positions through learning and experience. Yes it is imperative to set aside as best possible our own life biography when postulating that which affects others through our professional work; even then,  without a doubt who we are in private life will influence that which we pursue in work. My own take on economic theories mirror Keynes – I too think the private sector while valuable and primary must be assisted in down turns by public or government programs and funds. Wow – me a confirmed heterosexual and the mostly [yes mostly in that he married a woman he loved a great deal] Keynes share philosophies – me and many rather famous heterosexuals, like Dr. Paul Krugman, etc.. Now in all fairness to Professor Ferguson, it is a truism that one can be guilty of self prejudices and thus put forth those theories that lay way for self aggrandizing. This quandary needs to be a matter of investigatory observation in an attempt to have only the purist of adversary rhetoric added to discussions of weighty significance.

The important economist Milton Friedman thought Keynes “naive” but is that because like myself he was Jewish and Keynes not? Remember that I have already stated that I and my Jewish parents were very much of the Keynes school of thought. Well maybe – just maybe our shared faith influenced that which each of us and all Jewish people see as important but then why do other Jews think opposite? Hmm … complex and yet simple – we are definitely the products of our environments however never to be set aside as irrelevant due to this or that ancestral history or genetic predisposition – like being homosexual. The world community is diverse and magnificent in its mosaic fabric – too important are the issues of finance, health and welfare to deny opportunity to all and many able to contribute. So gay, straight or other – come one and all to the table – we need each person to be seated and REALLY involved!!!

P.S. In my year end memoir, Heiress Mommy … A Modern Super Woman Life! much will be explained as to the how and why  life has afforded me concern and input concerning things like economics, sociology and such – a REALLY interesting life story if I say so myself!

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