First, I want to make clear that from my observations Peter by far is better than 99% of the economic professors out there. He appears to be enthusiastic about his work and seems to care about his students. We need more second-hand dealers like Peter,
If a student asked me about Peter. I would say he ranks among the top 10 Austrian-leaning economists in the country at present, perhaps in the top 5.
My problem was specific with Peter's earlier Facebook happy birthday note to Keynes, not his entire body of work.
Peter is correct, our intellectual movement is not served well by absurdities repeated again and again.
Unqualified praise of Keynes falls directly in this category. It is absurd to praise Keynes without qualifiers and the entire industry damn well does it. Shouldn't Austrians be consistent counterweights?
I note that F.A. Hayek, who was on good personal terms with Keynes, never failed to qualify his comments on Keynes. He would call Keynes a genius, brilliant and an original thinker but always put it into the context that Keynes did not know much about economics.
Peter's original comment does not do this. There is no qualifier:
Happy birthday John Maynard Keynes (1883) ... Gifted with the pen, charismatic in person, he transformed economics and impacted economic policy for the last 70 years.A student just attempting to learn about Keynes would get no indication from Peter's post that Keynesian economics is poor theory and has resulted in 70 years of horrific economic policy decisions near globally.
Aren't there enough economists failing to put the true Keynesian legacy into perspective?
Our intellectual movement is not served well by such efforts of repeated out of context absurdities again and again.