Thursday, November 13, 2008

Keynes, Our Economic Times and a Liberal Education

The world-traveling alum strikes again with this find in Asia Times.  The article begins with a quote by Keynes, which should be enough to lure you in...

The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe has lived for the last half century. We assume some of the most peculiar and temporary of our late advantages as natural, permanent, and to be depended on, and we lay our plans accordingly. On this sandy and false foundation we scheme for social improvement and dress our political platforms, pursue our animosities and particular ambitions ... [John Maynard Keynes, The Economic Consequences of the Peace], 1920
Keynes was a genius. Read the article and see what kind of shape we're in and what kind of thinking it's going to take to get us out.  GCS students, you'll be reading some of this.

When students graduate with an interest and some understanding of the world I feel a sense of pride and a renewed belief in the liberal eduation.