Keynes’ sexuality and the long run

John Maynard Keynes was bisexual and never had any children. Should this be of any importance to you? Well, according to Harvard Professor Niall Ferguson, it should. He claims that Keynes was wrong because he was too short-termist, and he was short-termist because he was gay and childless. However, according to Matthew O’Brien, not only this is absolutely stupid, but the idea that Keynes didn’t care about the long run is based off a fundamental misreading of what he said about it. O’Brien points out Keynes was simply saying economics has to do more than just tell us how the world works when the world works. It has to tell us how the world works when it doesn’t — and how to make it work again.

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