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Harvard’s Niall Ferguson offers cheap shots about Keynes

Scholars with tenure at top-notch universities generally have the the luxury of reflection, which is why audiences might look to an economic historian at Harvard for insights about the world. Yet even among big-name academics, it can be easier to build a global reputation — and the speaking fees that go along with it — by sounding quotable and stirring up controversy.

Niall Ferguson, the Harvard history professor and frequent provocateur, seemed to suggest as much with his recent comments at a conference of investment advisers. His analysis of John Maynard Keynes, a giant figure in 20th-century economic thought, referenced the man’s homosexuality, arguing that Keynes’s policies lacked foresight because he did not have children. Those policies are very much in play, and Ferguson might have provided some scholarly context for them. But his riff on Keynes’s sexuality seemed to be provocative for the sake of provocation alone. (He was also somewhat off base; Keynes would have had a child were it not for his wife’s miscarriage.)

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