KHOODEELAAR! contextual reference to J K Galbraith - a thinker who appreciated the contribution of J M Keynes without becoming a Keynesianism zealot

KHOODEELAAR! Contextual reference to J K Galbraith - a thinker who appreciated the contribution of J M Keynes without becoming a zealot of Keynesianism


0758 Hrs GMT London Monday 12 January 2009:

By © Muhammad Haque


In a period when the name J M Keynes has been promoted beyond intellectual endurance, so much so that an otherwise not internationally known minister in the German cabinet was forced to go OTT himself in deriding the obsession with the over-hyped and oversold Keynes…

Long before J M Keynes and long before the British empire [of which more in a later part of these commentaries], ‘Govt spending’ to alleviate ‘domestic economic demands and consequently supplies’ was a well-practised policy area, resort and device....

As I have tried to warn Brown against getting too obsessed with Keynes, I have also sought to apply a little bit of subtlety and historic knowledge for Brown’s benefit. It appears that Brown may have missed the hint altogether.

When I said that Brown should beware of a Muslim ruler, who did the ‘historian Brown’ think I was referring to?

I think Brown did not even know that there was a thing called ‘Muslim ruler’ in the world before the Empire landed in a spot not far from today’s Kolkata [= Calcutta] in June 1757…


I was in fact referring to Muhammad Tuglak.

Before going too deep into areas that may ‘offend’ Brown the self-confessed PROUD Imperialist, let me assure him that one of his [Brown’s] acceptable tinkers [for Galbraith was out and out a Westerner and most possibly drawn from similar backgrounds to Brown’s own,,, originating as Galbraith did from the British isles…]. himself refused to endorse Keynes in the fanatical way that Brown the non-economist has been doing…

And the reasons are very clear.

To begin with, Keynes WAS NEVER the economic answer that Brown and his fellow-travellers have been selling him to be.

And secondly, Keynes was Not original.

And thirdly, what Keynes said Keynes himself did not quite believe in.

In fact the template of Keynesiaisn that the adherents have now created does not exist in Keynes’ Theories…..

[To be continued]