In March of 2004, during a 75 minute lecture in my Money and Banking class on time preference, interest, and capital, I presented numerous examples designed to illustrate the concept of time preference (or in the terminology of the sociologist Edward Banfield of "present- and future-orientation"). As one brief example, I referred to homosexuals as a group which, because they typically do not have children, tend to have a higher degree of time preference and are more present-oriented. I also noted--as have many other scholars--that J.M Keynes, whose economic theories were the subject of some upcoming lectures, had been a homosexual and that this might be useful to know when considering his short-run economic policy recommendation and his famous dictum "in the long run we are all dead."This, of course, led to charges of a "hostile learning environment" and consequently a full out harassment of the professor by the university administration.
Thursday, April 14, 2005
More Academic Freedom
An interesting story of an economics professor's battle with the PC police at the University of Nevada. The comment that started his persecution was:
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