Friday 15 April 2016

Problems Are Better Than a Hidden Agenda of Conceit

Image credit.

Continued from here.

What I admire in Keynes, to the smallish extent that I am acquainted with his own writings, rather than secondary representations of it, is his knack for unprepossessed realism. 

He was not anti-capitalist but highly critical of capitalism; he was a confessing bourgeois but sceptical of bourgeois culture. As a citizen and public servant, he was committed to his country, in large part by questioning it with constructive intent.

In looking at economics, what I find most frustrating above all is the apparent inability of its various proponents to escape ideological commitment and groupthink. On this count, the left is no better than the right. The “ideologicity” of its practitioners seems to be another sign of the discipline’s immaturity.

I wish economists were more like Keynes, who focussed, like all great scientists, not on a hidden agenda of conceit, but on a problem. He would go where he could find solutions to the problem rather than where his conceit would send or leave him.

This is a comment I wrote in response to this article.

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