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Old 04-06-2011, 08:08 AM
 
Location: Portland, OR
8,618 posts, read 5,407,892 times
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Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
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Old 04-06-2011, 08:18 AM
 
3,568 posts, read 2,572,899 times
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Quote:
Originally Posted by VTHokieFan View Post
Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
Two reasons: our colleges and universities are dominated by Leftists who love big government and Keynesian economics is all about the government micromanaging the economy. Secondly, the Great Depression myth that FDR got us out of the the depression by applying Keynesian principles is still liberal cant on campuses.
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Old 04-06-2011, 08:19 AM
 
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Keynesianism is a strong power base for the government. Even stronger than religion was in the middle ages.
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Old 04-06-2011, 08:22 AM
 
8,725 posts, read 13,665,974 times
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Originally Posted by VTHokieFan View Post
Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
It was not to me as economic fact. Economics is a social science.

I learned about Keynes along with Friedman. Good compare, contrast.

I tend not to agree with Keynsian policies, but he was a brilliant man. He predicted that the Treaty of Versailles would lead to problems with Germany. He also helped set up the Bretton Woods system.
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Old 04-06-2011, 08:53 AM
 
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If you believe that Keynes was the devil, you have to study him to know what you are up against. It is not enough to sing the praises of St Milton.
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Old 04-06-2011, 12:50 PM
 
Location: Portland, OR
8,618 posts, read 5,407,892 times
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Originally Posted by JimMe View Post
Two reasons: our colleges and universities are dominated by Leftists who love big government and Keynesian economics is all about the government micromanaging the economy. Secondly, the Great Depression myth that FDR got us out of the the depression by applying Keynesian principles is still liberal cant on campuses.
You see, all my economics teachers were libertarian but taught us Keynesianism. I know George Mason has an Austrian economics course, but it's only 1 class.
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Old 04-06-2011, 01:58 PM
 
Location: Gulf Coast Texas
16,435 posts, read 7,882,216 times
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Originally Posted by VTHokieFan View Post
Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
Since when does truth matter? It's all relative now, isn't it?
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Old 04-06-2011, 02:10 PM
 
Location: Tampa Florida
21,780 posts, read 10,920,281 times
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Originally Posted by VTHokieFan View Post
Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
Why? Err, if we didn't, we wouldn't have anybody who knows what to do.
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Old 04-06-2011, 02:14 PM
 
Location: Europe
2,735 posts, read 1,653,010 times
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Originally Posted by VTHokieFan View Post
Since we're seeing the unraveling of neo-Keynesianism before our very eyes, I don't understand why it's taught as an economic fact. The least our education system could do is open the conversation up to other schools of economic thought. Just saying
I assume you do not study Economics. Keynes is not presented as a "fact" but as an important theory in Economics just like the Chicago theories.
Can you actually prove that your schools only teach Keynesian Economics, because that is really hard to believe? I am pretty sure they teach everything from Adam Smith to Friedman.
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Old 04-06-2011, 05:52 PM
 
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If you're in any social science class and someone is trying to teach you one particular economics paradigm as absolute fact, try to get a refund on your tuition...
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