I propose the following strategy for you to try to clarify your thinking on the fourth statement:
1) Rewrite it as:
(fill in the blank) economic reasoning has few virtues in its own right, but is leveraged as a rationalization for policies convenient to (fill in the blank).
2) Ask yourself how much political power Keynesians have if they don't even have the power to impose Keynsian solutions.
3) Fill in the blanks for the statement in (1) as it actually applies for those with political power.
I'll admit that my formulation of the fourth statement was a bit ambiguous, but you missed the point. For what its worth, I agree it should be rephrased, if only to avoid such confusion.
If you attempt to read it with the (perhaps generous) assumption that I'm not proposing a tautology, than you might see what I mean.
A Keynesian ideology provides justification for the use of state power that differing economic ideologies do not. It would seem rational (warning: assumption of self-interest) that, holding everything else constant, politicians have a tendency to endorse Keynesian thought.
Comments
I propose the following strategy for you to try to clarify your thinking on the fourth statement:
1) Rewrite it as: (fill in the blank) economic reasoning has few virtues in its own right, but is leveraged as a rationalization for policies convenient to (fill in the blank).
2) Ask yourself how much political power Keynesians have if they don't even have the power to impose Keynsian solutions.
3) Fill in the blanks for the statement in (1) as it actually applies for those with political power.
I'll admit that my formulation of the fourth statement was a bit ambiguous, but you missed the point. For what its worth, I agree it should be rephrased, if only to avoid such confusion.
If you attempt to read it with the (perhaps generous) assumption that I'm not proposing a tautology, than you might see what I mean.
A Keynesian ideology provides justification for the use of state power that differing economic ideologies do not. It would seem rational (warning: assumption of self-interest) that, holding everything else constant, politicians have a tendency to endorse Keynesian thought.