Wednesday, March 23, 2011

I feel Vindicated in my infatuation with Keynes

Over a long time, for the last four decades

I feel vindicated, and amply rewarded,

Greatly honored by the Lord,of Universe

My admiration for Keynes,

My measured aggression in

Glorifying Keynesian economics,

When mainstream macro and monetary economics

Was led by Lucas and company

Discreditinig Keynesians , calling them as tellers of fairy tales

Treating it as a matter of

No consequence or significance in policy domain

Classroom on both theoretical and practical planes,

As if it is devoid of all substance and content

Like an illiterate devotee,

Getting blessed by the Lord

For his hard work and good behavior,

Or an affectionate mother handled well by her Son

All my ignorance in econometrics and quantitative tools

And my critical inability to handle

Mathematically, by sheer lack of training,

Have all proved to be a great

Blessing in disguise,

For not getting infected/ affected

By economics rooted in mathematics/Rational expectation scholars.

(From My Dateless Dairy)

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