Keynes vs Hayek FIGHT!

[rowyn]

This is an awesome video: Keynes and Hayek (two of the greatest minds in economics from the 20th century) in a rap performance about their competing economic models. No, really, it's better than it sounds. OK, so I'm an economics nerd but STILL. It's also surprisingly informative, serving as a good introduction to both philosophies, and pretty well-balanced. Give it a listen. :)

Watch on YouTube

(h/t level_head, who pointed it out in this post).

Comments

[octantis.livejournal.com]

Okay, I may not have been able to follow every single point, and my own opinion is kind of a mix...

...but that was frickin' awesome. Taking normally dry but serious issues and giving them some kind of life without reducing the impact is a difficult thing to achieve, but we need more of it.

[level-head.livejournal.com]

That was my thought as well. The works of these two (and of economists in general) are dry as dust, until you have enough background where the jargon becomes an understood language. But by then you're so inured to the details that you miss key concepts, burying them in verbiage.

But here, this presentation grabs you. It's an improvement over the first video, I think, which was still trying to fit economic equations into the lyrics ("C I G = Y").

I've already seen one economics instructor suggesting as a result of this video that he was going to look at Hayek more closely -- and was wavering from his Keynes point of view. (Oddly, he used the word "waivering"--a curious hiccup for someone into economics jargon.)

This simple presentation allows you to think about things more broadly.

And I would second ElusiveTiger's recommendation of Mises.org for more information, much of which is free.

===|==============/ Level Head

[rowyn]

The video makes me want to read both of them. :)

[rowyn]

As bad a reputation as infotainment has, popularizing knowledge if a *great* goal. :)