Harvard History Professor Niall Ferguson tendered an unconditional Apology for his remark at a conference in California on Thursday about John Maynard Keynes that the economist John Maynard Keynes did not care about society’s future because he was gay and had no children.
Be that as it may, it is a fact that Keynes was a Homosexual.
He had no children.
There can be no objection to stating the facts.
His Economic Theories, as I have remarked in various posts, have wreaked havoc, take for instance, Argentina, Ireland,Greece.
The other countries’ woes have not been publicized.
His Capitalistic outlook can be gleaned from,
“Keynes had begun a theoretical work to examine the relationship between unemployment, money and prices back in the 1920s. The work, Treatise on Money, was published in 1930 in two volumes. A central idea of the work was that if the amount of money being saved exceeds the amount being invested – which can happen if interest rates are too high – then unemployment will rise. This is in part a result of people not wanting to spend too high a proportion of what employers pay out, making it difficult, in aggregate, for employers to make a profit.
Precisely the reason why the World is going through Economic upheavals by following this non sense.
Ferguson, as a professor of History, has passed an opinion most of them facts, excepting the part about,’ people with no children having no vision of welfare of the Society”
I see no point in objecting to the statement of Ferguson.
“Keynes’s early romantic and sexual relationships were almost exclusively with men. At Eton and at Cambridge, Keynes had been in many homosexual relationships; significant among these early partners were Dilly Knox and Daniel Macmillan. Keynes was open about his homosexual affairs, and between 1901 to 1915, kept separate diaries in which he tabulated his many sexual encounters. Keynes’s relationship and later close friendship with Macmillan was to be fortuitous; through Dan, Macmillan & Co first published his Economic Consequences of the Peace.Attitudes in the Bloomsbury Group, in which Keynes was avidly involved, were relaxed about homosexuality. Keynes, together with writer Lytton Strachey, had reshaped the Victorian attitudes of the influential Cambridge Apostles; “since [their] time, homosexual relations among the members were for a time common”, wrote Bertrand Russell. One of Keynes’s greatest loves was the artist Duncan Grant, whom he met in 1908. Like Grant, Keynes was also involved with Lytton Strachey, though they were for the most part love rivals, and not lovers. Keynes had won the affections ofArthur Hobhouse, as well as Grant, both times falling out with a jealous Strachey for it. Strachey had previously found himself put off by Keynes, not least because of his manner of “treat[ing] his love affairs statistically”.
Ray Costelloe (who would later marry Oliver Strachey) was an early heterosexual interest of Keynes. Of this infatuation, Keynes had written “I seem to have fallen in love with Ray a little bit, but as she isn’t male I haven’t [been] able to think of any suitable steps to take.”
In 1921, Keynes fell “very much in love” with Lydia Lopokova, a well-known Russian ballerina, and one of the stars of Sergei Diaghilev‘s Ballets Russes. For the first years of the courtship, Keynes maintained an affair with a younger man, Sebastian Sprott, in tandem with Lopokova, but eventually chose Lopokova exclusively. They married in 1925. The union was happy, with biographer Peter Clarke writing that the marriage gave Keynes “a new focus, a new emotional stability and a sheer delight of which he never wearied’
Harvard history professor Niall Ferguson has apologised for saying the economist John Maynard Keynes did not care about society’s future because he was gay and had no children.
Prof Ferguson, born in Scotland, made the comments at a conference in California on Thursday.”