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Economic policy is not about gay sex

Harvard professor Niall Ferguson raised more than a few eyebrows last week after connecting John Maynard Keynes’s sexuality with contemporary economic woes. After a speech in California, he stated: “Keynes was a homosexual and had no intention of having children. We are not dead in the long run…our children are our progeny. It is the economic ideals of Keynes that have gotten us into the problems of today.” Statements like this, however, are indicative of a broader trend. Austerity, as a policy issue, is increasingly characterized by a sexual politics that aims to depoliticize and legitimate arguments for anti-interventionist economic policies. Not only does this carry with it enormous consequences for the practice of scholarly inquiry, it also makes for a poor science of political economy.

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