No, you haven't admitted to the error. You admited that he does not have a degree. What you have not explained is what happened to his expertise. You have not given any evidence that he is not the expert you yourself said he had. He certainly has expertise that in your mind is unthinkable for his level of education. Which to me means you believe he has extraordinary competency, which is at odds with your thesis that he is a psuedoscientist, or psuedohistorian.
Good grief. I pity your mind. But nevertheless if i understand your contention correctly, history is replete with brilliant and competent scientists who contributed to pseudointellectualism and pseudoscience. For instance the European scientists and historians of the 19th century like Friedich Hegel were brilliant, even genius but nonetheless promoted pseudoscientic racist garbage. In a matter of fact some believe Hegel was the inspiration for the racist pseudoscience of
Nazi Germany.
In the case of Economics an apt example of pseudoscience and pseudo intellectualism was created by a quite brilliant economist, Thomas Malthus responsible for developing certain fields of economics, such as the Law of Diminishing Return. His Pseudoscientific theory was called the
Malthusian Economic Theory:
Thomas Robert Malthus introduced in his 1798 Essay in the Principle of Population a relationship between population growth and what he termed subsistence. The first grew geometrically while the second increased only at an arithmetic ratio. Thus, he proposed the existence of an inverse relationship between population growth and development derived from the law of diminishing returns. This law is the belief that more people mean fewer goods for each person; thus, as population grows, poverty inevitably increases
His example is quite apt as Niall Ferguson belongs to the school of economic thinking which resemble the inhuman theory of Malthus. Niall Fergusson believes for instance that the solution to the present Global economic crisis is deficit reduction. Spending less money on education, healthcare & public infrastructure; never mind high unenmployment and reduction in household incomes and depleting infrastructure. No, Niall Ferguson believes in the
Sanctity of Debt. Paying off debts at all costs and as first priority, even if it means
the decline of human civilization, which Malthus sees as a kind of efficient technical necessity:
Although he believed his predictions were inevitable, his intent was not to promote government-implemented population control policies. Instead, Malthus upheld the idea of a population optimum where human numbers would be held in balance with supply. This optimum was not to be achieved by promoting contraception but through preventive as well as what he called positive checks, particularly amongst the working classes. The first one was to be achieved through “moral restraint.” The second one was to operate in tandem with the preventive checks which he described as “all the causes which tend in any way prematurely to shorten the duration of human life, such as unwholesome occupations, severe labour and exposure to the seasons, bad and insufficient clothing arising from poverty … the whole train of human diseases and epidemics, wars, infanticide, plague, and famine
A philosophy which Paul Krugman, being the descent human being he is, vigorously opposses:
Economic Bleeding Cure Favoring instead financial reforms which reign in the speculation and poisonous derivative trading in wall street and ofcourse, its evil twin London, as does Webster Tarpley, albeit more vigorously:
WEbster Tarpley.
So no, being brilliant as Niall Fergusson may well be, does not save him from the ignoble fate of pseudoscience.