Keynesian Contortions

 Posted by on 2 December 2005 at 9:04 am  Uncategorized
Dec 022005

I recently listened to Richard Salsman’s lecture The Philosophic State of Economics. It’s an examination of the philosophic foundations of Marxism, Keynesianism, Monetarism, and Neo-Classicism. Overall, the lecture was excellent, particularly for its clarity.

However, I was particularly thrilled — albeit in a horrified kind of way — by the discussion of the subjectivism and Freudianism underlying Keynesian economics. Based upon standard economic presentations, I’ve never able to make heads or tails of the totally bizarre economic theories promulgated by Keynes. Now, for the first time, Keynesian economics makes some twisted sense to me. And its evil is all the more apparent too. That alone was well worth the cost of the lecture, as far as I’m concerned.

When I ordered this single lecture, I also ordered two of Salsman’s longer courses: The Philosophy of the Austrian School of Economics and Economics and Rational Self-Interest. Now I’m really looking forward to hearing them!

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