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Topic: [math-learn] Keynes & Hayek (was "Re: History of regulation of finance")
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Richard Hake

Posts: 1,251
From: Woodland Hills, CA 91367
Registered: 12/4/04
[math-learn] Keynes & Hayek (was "Re: History of regulation of finance")
Posted: Nov 14, 2011 3:00 PM
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Some subscribers to Math-Learn might be interested "Keynes & Hayek
(was 'Re: History of regulation of finance') " [Hake (2011)]. The
abstract reads:

ABSTRACT: In my Dewey-L post "Re: History of regulation of finance"
[Hake (2011c)], I responded to Celinda Scott's (2011a) comments
regarding Nicholas Wapshott's (2011) <> book
"Keynes Hayek: The Clash That Defined Modern Economics," and
attempted to inject some humor into Dewey-L by pointing to the rap
parody video "The Fight of the Century" at <>.

In response, philosopher H.G. Callaway (2011d) criticized my post for
diverting the discussion away from the Dodd-Frank act
<> which he thinks should
be the centerpiece of serious discussion on the Callaway-initiated
thread "Re: History of regulation of finance."

Callaway's complaint could probably have been avoided if I had had
the good sense to simply title my post "Keynes & Hayek (was 'Re:
History of regulation of finance')." Then more Dewey-L discussion
might have turned towards consideration of the clash of Keynes and
Hayek that, according to Wapshott, "defined modern economics."

Of course, modern economics has had a crucial impact on social
conditions and education - see e.g., Hake (2011a,b) - matters of
concern to Dewey and therefore properly within the province of
Dewey-L, perhaps even more so than the Dodd-Frank act.

On a related matter, I completely disagree with Callaway's (2011d)
assertion that "Re: Castles in the Sky #2" [Hake (2009)] at
<> was "loaded with doubtful comments and links"
and "made little or no sense." That post concerned the sky-castle
building of traditional economists such as Alan Greenspan and
Lawrence Summers, who seem to regard the economic system as divorced
from the ecosystem, a standpoint roundly criticized by ecological
economists such as Herman Daly

To access the complete 15 kB post please click on <>.

Richard Hake, Emeritus Professor of Physics, Indiana University
Honorary Member, Curmudgeon Lodge of Deventer, The Netherlands
President, PEdants for Definitive Academic References which Recognize the
Invention of the Internet (PEDARRII)

"Conflict is the gadfly of thought. It stirs us to observation and
memory. It instigates to invention. It shocks us out of sheep-like
passivity, and sets us at noting and contriving. Not that it always
effects this result; but that conflict is a sine qua non of
reflection and ingenuity."
John Dewey "Morals Are Human," Dewey: Middle Works, Vol.14, p. 207

REFERENCES [All URL's shortened by <> and accessed on
09 Nov 2011.]

Hake, R.R. 2011. "Keynes & Hayek (was 'Re: History of regulation of
finance') ", online on the OPEN! Dewey-L archives at
<>. Post of 9 Nov 2011 10:23:43 -0800 to Dewey-L.
The abstract and link to the complete post are being transmitted to
several discussion lists and are also on my blog "Hake'sEdStuff" at
<> with a provision for comments.

[Non-text portions of this message have been removed]

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