I just started reading Johann Hari’s latest article about Noam Chomsky, and I was welcomed to this interesting fact:
Noam Chomsky is one of the most hysterically abused figures in the world today. Even his critics have to concede that his work inventing the field of linguistics — and so beginning to decode the structure of how language is formed in the human brain — makes him one of the most important intellectuals alive.
I agree that Chomsky is an important intellectual figure, and his massive contributions to linguistics are well-documented, but he did not invent the field. Some might say reinvented… Although, I’m not sure how favourably history will view Chomsky’s shadow having loomed over linguistics for such a long time. My own opinion, for what it’s worth, is that he’s largely been a positive influence, even if I find myself disagreeing with a lot of his major ideas.
If you think economic cuts are necessary, you’re being fooled. Martyn Winters (known to me as dad) writes about Joseph Stiglitz’s thoughts on George Osborne’s attempts to reduce the deficit:
You may have heard of Professor Joseph Stiglitz – he’s the Nobel laureate economist who correctly predicted the global crash. He’s distinctly unimpressed with Osbourne’s budget. This, he predicts, will make Britain’s recovery from recession longer, slower and harder than it needs to be. The rise in VAT could even tip us into a double-dip recession. He took time to offer George Osbourne a bit of advice – which will probably go unheeded, because Osbourne’s objectives aren’t necessarily to improve the economy. They are an ideological attack on the state, with the intention of shrinking it by forty percent.
The basis for this is part Keynesian, and has been echoed by other commentators such as Johann Hari, in that we must spend our way out of economic woes. Now I must admit I’m not too fond of how Osborne is going about reducing deficit (raising VAT… huh?), but, for reasons that’ll become apparent below, I do think we need to tackle the deficit.
Continue reading “Some Links #6: We are all Keynesians now. Yeah, but which type?”