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My Economics Professor Hates John Maynard Keynes

Winston

Winston

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I'm taking an economics course this semester. It's Econ 110. The professor gave us a supplementary book to read along with the textbook. It's called, "How an Economy Grows and Crashes". The introduction is basically just 12 pages of the author bashing Keynesian economics and going on a rant about spending your way to prosperity.

A curious observation emerged before me as well.

Flagrant "liberal indoctrination" in our colleges and universities, the indoctrination that conservatives assert to be the reason why kids today aren't going for conservatism, yeah that, is all the way absent from this class. I had an idea by the way my professor lectured that he disapproves of old John Maynard Keynes, but reading the intro in this supplementary book just confirmed it.

Should be a fun semester as I divulge more of my personal opinions during in-class discussions.
 
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Winston said:
I'm taking an economics course this semester. It's Econ 110. The professor gave us a supplementary book to read along with the textbook. It's called, "How an Economy Grows and Crashes". The introduction is basically just 12 pages of the author bashing Keynesian economics and going on a rant about spending your way to prosperity.

A curious observation emerged before me as well.

Flagrant "liberal indoctrination" in our colleges and universities, the indoctrination that conservatives assert to be the reason why kids today aren't going for conservatism, yeah that, is all the way absent from this class. I had an idea by the way my professor lectured that he disapproves of old John Maynard Keynes, but reading the intro in this supplementary book just confirmed it.

Should be a fun semester as I divulge more of my personal opinions during in-class discussions.
Click to expand...

Are you taking this class for fun, or do you need the credits?
 
Winston said:
I'm taking an economics course this semester. It's Econ 110. The professor gave us a supplementary book to read along with the textbook. It's called, "How an Economy Grows and Crashes". The introduction is basically just 12 pages of the author bashing Keynesian economics and going on a rant about spending your way to prosperity.

A curious observation emerged before me as well.

Flagrant "liberal indoctrination" in our colleges and universities, the indoctrination that conservatives assert to be the reason why kids today aren't going for conservatism, yeah that, is all the way absent from this class. I had an idea by the way my professor lectured that he disapproves of old John Maynard Keynes, but reading the intro in this supplementary book just confirmed it.

Should be a fun semester as I divulge more of my personal opinions during in-class discussions.
Click to expand...

Do you suspect that he is Illuminati CT buff?
 
Winston said:
Just for fun.
Click to expand...

OK then, have fun. If you need the credits, though...don't argue, just smile and nod your head.


If you REALLY want to burst his bubble, ask him why, if Keynes is so wrong, did Greenspan, "the wizard" himself, admit, before congress, the abject failure of supply side, trickle down economics, and denounce its effectiveness.

That should get a solid good debate going, lol.
 
Then prepare a report about an economic plan from the Chicago school called "the brick", that is credited for bringing down entire countries.
 
KevinKohler said:
OK then, have fun. If you need the credits, though...don't argue, just smile and nod your head.


If you REALLY want to burst his bubble, ask him why, if Keynes is so wrong, did Greenspan, "the wizard" himself, admit, before congress, the abject failure of supply side, trickle down economics, and denounce its effectiveness.

That should get a solid good debate going, lol.
Click to expand...

I'm going to speak my mind, but, definitely defer to prudent judgement on grades. I don't want to damage my GPA.

I'll be respectful, but, when the time comes I'll let him know politely, that we probably disagree on economics, lol.
 
Winston said:
I'm taking an economics course this semester. It's Econ 110. The professor gave us a supplementary book to read along with the textbook. It's called, "How an Economy Grows and Crashes". The introduction is basically just 12 pages of the author bashing Keynesian economics and going on a rant about spending your way to prosperity.

A curious observation emerged before me as well.

Flagrant "liberal indoctrination" in our colleges and universities, the indoctrination that conservatives assert to be the reason why kids today aren't going for conservatism, yeah that, is all the way absent from this class. I had an idea by the way
my professor lectured that he disapproves of old John Maynard Keynes,
Click to expand...
but reading the intro in this supplementary book just confirmed it.

Should be a fun semester as I divulge more of my personal opinions during in-class discussions.
Click to expand...

Is John Maynard Keynes the one who sang "Ballad Of 40 Dollars"?
Wait. No. That was Tom T. Hall.
 
Winston said:
I'm going to speak my mind, but, definitely defer to prudent judgement on grades. I don't want to damage my GPA.

But, yes, I'll be respectful, but, when the time comes I'll let him know politely, that we probably disagree on economics, lol.
Click to expand...

Yeah, if you need the grade....I hate to say it, but I'd advise not arguing, never question or cast doubt on him in front of the class. Honestly, it's not worth it. He might welcome it, but most likely not.
 
KevinKohler said:
Yeah, if you need the grade....I hate to say it, but I'd advise not arguing, never question or cast doubt on him in front of the class. Honestly, it's not worth it. He might welcome it, but most likely not.
Click to expand...

Yeah, I'd rather not start **** with him. If I was a punk ass high schooler, I wouldn't have thought that way, but, I'm almost 30 nowadays, and squabbles over economic theory with a professor seem like a waste of my time.

He could hit me with the ole, "Okay, do you want to teach the class, then?" routine, and at 30, I ain't trying to go down that pointless road.
 
calamity said:
Keynesian Economics is big on Central banks managing and regulating monetary policy.
Click to expand...

Ohhhh, you're saying he might be on like.. DA60 level, where, the Fed is the corrupt oligarchy who scheme and plot against good americans?
 
Winston said:
Ohhhh, you're saying he might be on like.. DA60 level, where, the Fed is the corrupt oligarchy who scheme and plot against good americans?
Click to expand...

Remember to have a Swastika visible when you say that :) so the prof can feel at home.
 
calamity said:
Keynesian Economics is big on Central banks managing and regulating monetary policy.
Click to expand...

And Austrian economics is big on .001% control of managing and regulating monetary policy.
 
KevinKohler said:
And Austrian economics is big on .001% control of managing and regulating monetary policy.
Click to expand...

There ya go. Perfect groundwork for him being a CT.
 
Winston said:
Ohhhh, you're saying he might be on like.. DA60 level, where, the Fed is the corrupt oligarchy who scheme and plot against good americans?
Click to expand...

Well....to be fair, the FEDs track record isn't exactly sterling.

Better than nothing, though.
 
Don't feel bad. I think the discipline of economics is itself mostly nonsense. I disagree with all the economists simply because they can't agree with each other. There is no economic model that has worked as expected. That is because economics is not about theories and models. It is about people and people are unpredictable.
 
Winston said:
The greatest and most comprehensive book ever on the subject is here:

https://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567

I read about 1/4 of it, but, became discouraged. It's a beefy book.
Click to expand...

The key to any good CT is having just enough truth in it to make the conspiracy sound plausible. In fact, the only thing separating a good CT from reality is over-simplification.

The economy is complex, and the availability of credit is a huge driver behind economic growth. After all, no one is going to build giant high rises up and down the coast of the US without leveraging most of that cost through debt. Same applies for almost everything built and bought, big and small. But, analyzing all that in proper perspective would take writing ten 1500-page books. No one does that. So, they cherry pick a few points here and there, then blow them up into a nefarious plot hatched by secretive, powerful men to rule the world.
 
Winston said:
I'm taking an economics course this semester. It's Econ 110. The professor gave us a supplementary book to read along with the textbook. It's called, "How an Economy Grows and Crashes". The introduction is basically just 12 pages of the author bashing Keynesian economics and going on a rant about spending your way to prosperity.

A curious observation emerged before me as well.

Flagrant "liberal indoctrination" in our colleges and universities, the indoctrination that conservatives assert to be the reason why kids today aren't going for conservatism, yeah that, is all the way absent from this class. I had an idea by the way my professor lectured that he disapproves of old John Maynard Keynes, but reading the intro in this supplementary book just confirmed it.

Should be a fun semester as I divulge more of my personal opinions during in-class discussions.
Click to expand...

Sounds like you have a smart professor, listen and learn.
 
fmw said:
Don't feel bad. I think the discipline of economics is itself mostly nonsense. I disagree with all the economists simply because they can't agree with each other. There is no economic model that has worked as expected. That is because economics is not about theories and models. It is about people and people are unpredictable.
Click to expand...

Irrational actors. I used to think I had a good handle on economic principles. But, then I watched a couple bubbles inflate and burst. Now, I agree more with what you wrote than what I read in all those Econ books.
 
KevinKohler said:
Yeah, if you need the grade....I hate to say it, but I'd advise not arguing, never question or cast doubt on him in front of the class. Honestly, it's not worth it. He might welcome it, but most likely not.
Click to expand...

Yep, always best to question/criticize in private and to praise in public.
 
Renae said:
Sounds like you have a smart professor, listen and learn.
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IMO, agreement with someone in politics isn't a good predictor of intelligence. Since I disagree with him, does that make him dumb?

But, I get what youre saying, if he believes in austrian economics, and is choosing to teach that in his classroom he must be smart.
 
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