There is no doubt that Norman Macrae was wrong about at least a few things; unlike Macrae, I am not a Keynesian (though I appreciate Keynes’s contributions to the study of economics), so I disagree with the macroeconomic prescriptions Macrae sought to advance. And proposing to cure homosexuals with a nasal spray was just nothing short of bizarre.
But there is also no doubt that Macrae was a prophet when it came to discussing technological issues, that his predictions about Japan were spot-on, and that he was a sterling advocate on behalf of classical liberalism who repeatedly–and successfully–pointed out that contrary to the claims of the doom-criers, life was getting better and better.
He deserved to have more fame in life. He deserves to be remembered in death as a brilliant and dedicated finder of fact. He did not always succeed in finding fact, to be sure. But he always tried, and succeeded much more often than most. Would that all journalists were able to claim the same.
Recquiescat in pace.