Sunday, October 10, 2010

"Fear the Boom and Bust" - Hayek vs. Keynes

I stumbled across this video - a rap duel between John Maynard Keynes and F.A. Hayek. It actually captures their differing perspectives on fluctuating economic and business cycles quite well, and in a hilarious way.

The video's description -

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.

2 comments:

Frieda Fay said...

I cannot believe how legitimate this video is. Great find!

aewillia said...

I like how the video made Keynes the irresponsible one who woke up with a hangover the next day... The person who put this video together probably supports Hayek more than Keynes.