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	<title>Comments on: The Intellect and Personality of J.M. Keynes</title>
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	<link>http://blog.mises.org/13788/13788/</link>
	<description>Proceeding Ever More Boldly Against Evil</description>
	<lastBuildDate>Wed, 15 Feb 2012 22:37:53 +0000</lastBuildDate>
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		<title>By: Lord Keynes</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-725719</link>
		<dc:creator>Lord Keynes</dc:creator>
		<pubDate>Tue, 21 Sep 2010 07:16:11 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-725719</guid>
		<description>You quote Rothbard:

&lt;i&gt;&quot;None of this is true. That Keynes was a Keynesian—of that much derided Keynesian system provided by Hicks, Hansen, Samuelson, and Modigliani&quot;&lt;/i&gt;

Rothbard is wrong.  Keynes was not a &quot;neoclassical synthesis Keynesian&quot; like Hicks and Samuelson. In fact, they diluted his work and took a step backwards by re-introducing flawed neoclassical ideas like (1) the view that involuntary unemployment was only due to inflexible wages and prices, (2) the neutral money axiom, (3) the gross substitution axiom and (4) the ergodicity of the future axiom, contrary to Keynes’s General Theory. 

If you want to understand the 3 strands of Keynesianism and why Post Keynesianism is the school that more accurately reflects Keynes&#039; own thinking, see here:

&lt;a href=&quot;http://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html&quot; rel=&quot;nofollow&quot;&gt;http://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>You quote Rothbard:</p>
<p><i>&#8220;None of this is true. That Keynes was a Keynesian—of that much derided Keynesian system provided by Hicks, Hansen, Samuelson, and Modigliani&#8221;</i></p>
<p>Rothbard is wrong.  Keynes was not a &#8220;neoclassical synthesis Keynesian&#8221; like Hicks and Samuelson. In fact, they diluted his work and took a step backwards by re-introducing flawed neoclassical ideas like (1) the view that involuntary unemployment was only due to inflexible wages and prices, (2) the neutral money axiom, (3) the gross substitution axiom and (4) the ergodicity of the future axiom, contrary to Keynes’s General Theory. </p>
<p>If you want to understand the 3 strands of Keynesianism and why Post Keynesianism is the school that more accurately reflects Keynes&#8217; own thinking, see here:</p>
<p><a href="http://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html" rel="nofollow">http://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html</a>.</p>
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		<title>By: Daniel Kuehn</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720957</link>
		<dc:creator>Daniel Kuehn</dc:creator>
		<pubDate>Tue, 07 Sep 2010 01:23:30 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720957</guid>
		<description>I&#039;m not calling for detachment - I&#039;m calling for honesty.</description>
		<content:encoded><![CDATA[<p>I&#8217;m not calling for detachment &#8211; I&#8217;m calling for honesty.</p>
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		<title>By: Moe</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720799</link>
		<dc:creator>Moe</dc:creator>
		<pubDate>Mon, 06 Sep 2010 15:05:58 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720799</guid>
		<description>In short, no.

The left wins because they embrace Alinsky tactics. We need to out Alinsky the Alinskyites.</description>
		<content:encoded><![CDATA[<p>In short, no.</p>
<p>The left wins because they embrace Alinsky tactics. We need to out Alinsky the Alinskyites.</p>
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		<title>By: Inquisitor</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720712</link>
		<dc:creator>Inquisitor</dc:creator>
		<pubDate>Mon, 06 Sep 2010 05:07:18 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720712</guid>
		<description>I&#039;m sorry, do you think Keynes deserves anything less? I do enjoy the &quot;detatched&quot; intellectualism some people try display with a man responsible for some of the stupidest theories and policies ever developed in the realm of economics. He should be happy he was not crucified.</description>
		<content:encoded><![CDATA[<p>I&#8217;m sorry, do you think Keynes deserves anything less? I do enjoy the &#8220;detatched&#8221; intellectualism some people try display with a man responsible for some of the stupidest theories and policies ever developed in the realm of economics. He should be happy he was not crucified.</p>
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		<title>By: Ohhh Henry</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720693</link>
		<dc:creator>Ohhh Henry</dc:creator>
		<pubDate>Mon, 06 Sep 2010 02:29:21 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720693</guid>
		<description>&lt;blockquote&gt;Was Keynes probably kind of a douchebag? Sure. But who cares? From what I’ve read, von Mises could be quite disagreeable himself at times. It doesn’t make von Mises any less right, or Keynes any more wrong, to point out their personality quirks. It just seems kind of unnecessary.&lt;/blockquote&gt;
Call them &lt;i&gt;ad hominem&lt;/i&gt; attacks if you like.  But if one person is somewhat disagreeable in person and his policies if followed would lead to peace and prosperity, and another person is superficially charming but deep down appears to have a strong inclination toward a love of power combined with ignorance and who writes policy prescriptions in which this egotism and ignorance are the most outstanding features ... then I think that their personalities or if you prefer their underlying psychologies should be discussed.</description>
		<content:encoded><![CDATA[<blockquote><p>Was Keynes probably kind of a douchebag? Sure. But who cares? From what I’ve read, von Mises could be quite disagreeable himself at times. It doesn’t make von Mises any less right, or Keynes any more wrong, to point out their personality quirks. It just seems kind of unnecessary.</p></blockquote>
<p>Call them <i>ad hominem</i> attacks if you like.  But if one person is somewhat disagreeable in person and his policies if followed would lead to peace and prosperity, and another person is superficially charming but deep down appears to have a strong inclination toward a love of power combined with ignorance and who writes policy prescriptions in which this egotism and ignorance are the most outstanding features &#8230; then I think that their personalities or if you prefer their underlying psychologies should be discussed.</p>
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		<title>By: Richard Moss</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720669</link>
		<dc:creator>Richard Moss</dc:creator>
		<pubDate>Mon, 06 Sep 2010 00:14:38 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720669</guid>
		<description>Rothbard in his lecture &quot;Keynes the Man: Hero or Villain&quot; (http://mises.org/media/2875) said (I am paraphrasing) that he as never in favor of ad hominem attacks.  He said he was in favor of attacking the doctrine first, then attacking the man.

BTW, Steven Kates had some interesting comments on what he saw as Keynes&#039;s duplicity in this lecture; http://mises.org/media/4769</description>
		<content:encoded><![CDATA[<p>Rothbard in his lecture &#8220;Keynes the Man: Hero or Villain&#8221; (<a href="http://mises.org/media/2875" rel="nofollow">http://mises.org/media/2875</a>) said (I am paraphrasing) that he as never in favor of ad hominem attacks.  He said he was in favor of attacking the doctrine first, then attacking the man.</p>
<p>BTW, Steven Kates had some interesting comments on what he saw as Keynes&#8217;s duplicity in this lecture; <a href="http://mises.org/media/4769" rel="nofollow">http://mises.org/media/4769</a></p>
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		<title>By: Russ the Apostate</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720641</link>
		<dc:creator>Russ the Apostate</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:59:11 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720641</guid>
		<description>I don&#039;t think there is anything wrong with pointing out the quirks of those who think that they know how we all should live.  It helps people see such intellectuals for what they are: control freaks.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think there is anything wrong with pointing out the quirks of those who think that they know how we all should live.  It helps people see such intellectuals for what they are: control freaks.</p>
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		<title>By: Russ the Apostate</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720639</link>
		<dc:creator>Russ the Apostate</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:57:32 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720639</guid>
		<description>Aren&#039;t Keynesian &quot;pump-priming&quot; and inflationist &quot;stimulus&quot; the same thing, but just to different degrees?</description>
		<content:encoded><![CDATA[<p>Aren&#8217;t Keynesian &#8220;pump-priming&#8221; and inflationist &#8220;stimulus&#8221; the same thing, but just to different degrees?</p>
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		<title>By: J.E.C.</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720635</link>
		<dc:creator>J.E.C.</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:47:26 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720635</guid>
		<description>Was Keynes probably kind of a douchebag? Sure. But who cares? From what I&#039;ve read, von Mises could be quite disagreeable himself at times. It doesn&#039;t make von Mises any less right, or Keynes any more wrong, to point out their personality quirks. It just seems kind of unnecessary.</description>
		<content:encoded><![CDATA[<p>Was Keynes probably kind of a douchebag? Sure. But who cares? From what I&#8217;ve read, von Mises could be quite disagreeable himself at times. It doesn&#8217;t make von Mises any less right, or Keynes any more wrong, to point out their personality quirks. It just seems kind of unnecessary.</p>
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		<title>By: Daniel Kuehn</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720626</link>
		<dc:creator>Daniel Kuehn</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:28:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720626</guid>
		<description>I&#039;m not sure what you mean.  How is Keynesianism the same as inflationism in any degree?</description>
		<content:encoded><![CDATA[<p>I&#8217;m not sure what you mean.  How is Keynesianism the same as inflationism in any degree?</p>
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		<title>By: Russ the Apostate</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720618</link>
		<dc:creator>Russ the Apostate</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:13:54 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720618</guid>
		<description>What is the difference between &quot;Keynesianism&quot; and &quot;inflationism&quot;, except a matter of degree?</description>
		<content:encoded><![CDATA[<p>What is the difference between &#8220;Keynesianism&#8221; and &#8220;inflationism&#8221;, except a matter of degree?</p>
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		<title>By: Daniel Kuehn</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720616</link>
		<dc:creator>Daniel Kuehn</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:05:45 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720616</guid>
		<description>Well - Hayek didn&#039;t say he would speak against people going too far with Keynesianism - he said he would speak against people who would abandon Keynesianism and embrace inflationism.

And for the record, Hayek felt Keynes would indeed have stood with him in that situation.</description>
		<content:encoded><![CDATA[<p>Well &#8211; Hayek didn&#8217;t say he would speak against people going too far with Keynesianism &#8211; he said he would speak against people who would abandon Keynesianism and embrace inflationism.</p>
<p>And for the record, Hayek felt Keynes would indeed have stood with him in that situation.</p>
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		<title>By: Daniel Kuehn</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720615</link>
		<dc:creator>Daniel Kuehn</dc:creator>
		<pubDate>Sun, 05 Sep 2010 22:04:05 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720615</guid>
		<description>Quite the drama queen, aren&#039;t you?</description>
		<content:encoded><![CDATA[<p>Quite the drama queen, aren&#8217;t you?</p>
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		<title>By: Russ the Apostate</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720591</link>
		<dc:creator>Russ the Apostate</dc:creator>
		<pubDate>Sun, 05 Sep 2010 19:55:39 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720591</guid>
		<description>Blasphemy!  *grin*

As for the first of the three points the author raises, I tend to believe that Keynes was indeed a megalomaniac, because of an anecdote told by Hayek long after Keynes was dead.  Supposedly, Keynes said he could easily rein in those Keynesians who were going too far with Keynesianism.  Six months later, however, he was dead, and could not rein them in.  This story leads me to believe that Keynes&#039; &quot;theories&quot; were not in fact an attempt to determine truth, but an attempt to manipulate peoples&#039; behavior, as though Keynes were the puppetmaster and everyone else the puppets.

As for the second point, Keynes was the director of the British Eugenics Society for 7 years.  Since eugenicists seldon think that they themselves are not superior, Keynes was apparently pretty sure that he was one of the chosen people.

As for hating middle class values, it&#039;s well known that he was a &quot;sensualist&quot;, bisexual, and a member of the elitist/libertinist Bloomsbury Group.

So I think it&#039;s probably safe to say that the charges leveled against Keynes are correct, even though the way Rothbard expressed them might have been a bit spiteful.</description>
		<content:encoded><![CDATA[<p>Blasphemy!  *grin*</p>
<p>As for the first of the three points the author raises, I tend to believe that Keynes was indeed a megalomaniac, because of an anecdote told by Hayek long after Keynes was dead.  Supposedly, Keynes said he could easily rein in those Keynesians who were going too far with Keynesianism.  Six months later, however, he was dead, and could not rein them in.  This story leads me to believe that Keynes&#8217; &#8220;theories&#8221; were not in fact an attempt to determine truth, but an attempt to manipulate peoples&#8217; behavior, as though Keynes were the puppetmaster and everyone else the puppets.</p>
<p>As for the second point, Keynes was the director of the British Eugenics Society for 7 years.  Since eugenicists seldon think that they themselves are not superior, Keynes was apparently pretty sure that he was one of the chosen people.</p>
<p>As for hating middle class values, it&#8217;s well known that he was a &#8220;sensualist&#8221;, bisexual, and a member of the elitist/libertinist Bloomsbury Group.</p>
<p>So I think it&#8217;s probably safe to say that the charges leveled against Keynes are correct, even though the way Rothbard expressed them might have been a bit spiteful.</p>
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		<title>By: J.E.C.</title>
		<link>http://blog.mises.org/13788/13788/comment-page-1/#comment-720589</link>
		<dc:creator>J.E.C.</dc:creator>
		<pubDate>Sun, 05 Sep 2010 19:40:27 +0000</pubDate>
		<guid isPermaLink="false">http://blog.mises.org/?p=13788#comment-720589</guid>
		<description>Vitriol directed at the man seems unnecessary. Is it not possible that those with whom we disagree are not, in fact, consumed by pure evil?</description>
		<content:encoded><![CDATA[<p>Vitriol directed at the man seems unnecessary. Is it not possible that those with whom we disagree are not, in fact, consumed by pure evil?</p>
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