Harvard professor apologizes for blaming dead gay economist for global financial crisis

Niall Ferguson, author and history professor at Harvard University, recants connecting John Maynard Keynes’ homosexuality to ‘destructive’ economic policies

Harvard professor apologizes for blaming dead gay economist for global financial crisis
04 May 2013

Noted author and Harvard University history professor Niall Ferguson offered an apology for his recent comments about economist John Maynard Keynes.

‘My colleagues, students, and friends – straight and gay – have every right to be disappointed in me, as I am in myself,’ Ferguson wrote today (4 April) on his website. ‘To them, and to everyone who heard my remarks at the conference or has read them since, I deeply and unreservedly apologize.’

Ferguson has been in hot water ever since observations he made at the 10th annual Altegris Conference, an exclusive event for investors and financial advisors. As reported by Street Talk Live reporter Lance Roberts, one of the 500 people in the audience, Ferguson argued Keynes’ economic ideas are to blame for today’s global financial crisis.

The Harvard professor pointed out Keynes was gay, had no plans for raising children, therefore preferred short-term solutions for economic problems.

Keynes, who died in 1946, is one of the most respected economists of the century. He participated in the 1944 Bretton Woods Conference, where the underpinnings of modern global economy were created.

According to Financial Advisor magazine, Ferguson also accused Keynes of creating selfish economic policies because he was an ‘effete’ member of society who married a ballerina. Ferguson added the famed economic theorist  probably discussed ‘poetry’ with his wife more often than they had sex.

In his apology, Ferguson noted he did not remember a very important aspect of Keynes home life.

‘But I should not have suggested – in an off-the-cuff response that was not part of my presentation – that Keynes was indifferent to the long run because he had no children, nor that he had no children because he was gay. This was doubly stupid. First, it is obvious that people who do not have children also care about future generations. Second, I had forgotten that Keynes’s wife Lydia miscarried.’

On Twitter, fellow professors gave Ferguson credit for a mea culpa with no reservations.

‘It’s been a while since I’ve seen a real apology — as opposed to an "I’m sorry if people were offended" apology,’  Daniel Drenzer tweeted.

Drenzer is a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University.

‘If you are going to apologise, this is how you should do it,’ wrote Dorothy Bishop, a developmental neuropsychology professor at the University of Oxford.



No thumbnail available

Lesbian country singer Chely Wright gives birth to identical twins

Twin boys arrive early but are healthy and thriving
No thumbnail available

Melissa Etheridge and ex Tammy Lynn Michaels at odds again over money

Actress posts poem on her blog about waiting for support check in the mail
No thumbnail available

Bi and gay actors Andy Mientus and Wentworth Miller join The Flash as villains

Bisexual actor Andy Mientus will play gay super villain the Pied Piper while Prison Break’s Wentworth Miller joins the show as Captain Cold
No thumbnail available
No thumbnail available

Gay couple consummate relationship on US soap Days of Our Lives

But complications arise before they can even put their clothes back on
No thumbnail available

Australian first as sitting MP marries partner in Spain

South Australian MP Ian Hunter has become the first Australian politician to enter into a same-sex marriage while in office
No thumbnail available

Apple hires then fires anti-gay lobbyist

Former Alabama state rep has a record of fighting against LGBTI rights
No thumbnail available

New study shows Chinese tolerance for homosexuality over thousands of years

A new study by a Chinese sociologist has documented tolerance of homosexuality and same-sex relationships going back thousands of years in China
No thumbnail available

The modern way to enjoy Colombia

From a a boogie-down in Bogota's biggest gay club to a Segway tour through the streets of Cartagena, here are some tips for enjoying two of Colombia's most popular destinations
No thumbnail available

Queers, piers and discovering 'twittens' in Brighton

With a rich gay history and exciting culinary offerings, not even gray British weather is enough to dampen Brighton's bright light