Fear the Boom and the Bust! Fight of the Century: Keynes Vs. Hayek

Economic philosophers John Maynard Keynes and Friedrich Hayek battle it out in rap duo,

Emergent Order: “In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there’s a “boom and bust” cycle in modern economies and good reason to fear it.”

Fight of the Century: Round Two

“According to the National Bureau of Economic Research, the Great Recession ended in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in? In “Fight of the Century”, Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What’s the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity? Keynes and Hayek never agreed on the answers to these questions and they still don’t.”

Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”! Starring Billy and Adam from http://www.billyandadam.com

Subscribe to our channel: http://www.youtube.com/user/econstories

Related:

Since the 1930s, Fiscal Policy and Stimulus Have Alleviated Suffering.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.