Monday, March 5, 2012
Keynes had No Formal Economics Degree
Read it at Social Democracy for the 21st Century (short)
Keynes had No Formal Economics Degree - Is There a Lesson Here?
by "Lord Keynes"
Neither J. M. Keynes nor Wynne Godley had formal degrees in economics. Godley studied music but decided against a career in music due to shyness before an audience, while Keynes preferred to focus on mathematics and philosophy rather than economics.
Significantly, both worked at Treasury and understood government finance based on experience. This experience played a key role in their ability to reorient economics from the point of view of money, banking, and finance.
Cullen Roche posted the same link to Social Democracy and adds at Modern Monetary Realism, "Interesting. So maybe it’s the wonks that are the problem after all? Of course, I’d argue that real world experience and a life in the trenches is always superior to the ivory tower, but that’s just me and I most certainly suffer from bias in that regard…..Anyhow, I thought you might find that interesting…."