Saturday, February 11, 2012

Keynes vs. Hayek

The video is a rap that details the ideological differences of Keynes and Hayek. It highlights the situations that each has focused on to prove their point.  Keynes states that government needs to be pervasive in the economy. Whereas Hayek alleges that the government needs to allow the market to act on its own.
http://www.youtube.com/watch?v=d0nERTFo-Sk 

1 comment:

AJ Alonzo said...

http://www.youtube.com/watch?v=GTQnarzmTOc

This is the sequel to said rap. It also details many of the differences between Keynes and Hayek, but in a new version. More of the steering markets versus setting them free.