Weekend Wars: Hayek vs. Keynes, The Debates
Some stories never get old. Some stories never really get told. Since most of us are inundated with quick little snapshots of reality as it once may have occurred, it is nice to get the whole picture. Unfortunately, when it comes to the great debate of the Keynesians against Friedrich Von Hayek it is still very much a machine versus man sort of scenario.
Being that eyes are opening to the cyclopsian perspective of big government economics and centralized planning for the second time in recent economic history, I thought it would be a good idea to revisit this often scaled battle and weigh some of the merits which are rarely put to measure. Nicholas Wapshott's "Keynes Hayek: The Clash That Defined Modern Economics" will soon be dissected and shredded by economists, partisans and special interests alike. Here are parts 1 and two in the four part excerpt series intended to whet beaks just prior to the book's release on October 11th.
I always find it poignant that Hayek was very much a rookie greenhorn economist and philosopher challenging the status quo. Looking back at this time in history it is easy to forget how much time, money and effort was spent on pointing the downward gaze of society onto the young Austrian and his all too logical and righteous perspectives.
Though many of us have learned to appreciate the wisdom, wit, pithiness and candor of Hayek's views and prose it bares reminding that he was and in many ways still is, an outsider.
I greatly look forward to the book and to the flame of this debate being constantly rekindled. It is always amusing to me, how the one thing all Keynesians would like to have us forget...is Keynes vs. Hayek. Enjoy the rest of your weekend folks.
I'm really glad these guys came up with this. Genius.
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Hayek vs. Keynes (Originally Posted: 09/15/2010)
Fantastic
Hayek vs. Keynes Round 2 (Originally Posted: 11/05/2010)
These guys are awesome. I don't know how they keep a straight face. The new rap runs from 1:20 to 3:46. The rest of the video is worth watching too:
And here's the original for those who've been living under a rock:
Maybe these guys should teach Economics.
Pretty impressive really. And Hayek looks like a fking accountant.
Haha, yeah, Russ Roberts is pretty awesome IMO. If you like this stuff, you may want to check out his podcast EconTalk.
There is nothing in these videos about brother love, Braverman...where is the brother love?
Mises owns. Keynes was a smart guy who come up with a dumb idea. Bankers and politicians use this idea so they can exploit and steal under the carpet.
Keynes Vs Hayek Round 2 (Originally Posted: 04/28/2011)
Hey WSO,
I thought you all might get a kick out this. Econstories finally released its second vid of Keynes Vs Hayek.
http://www.youtube.com/watch?v=GTQnarzmTOc&feature=player_embedded#at=1…
not as good as the first one but does explain in more detail
great
It's just a shame the guy slants it towards Hayek.
I've always seen Friedman vs Keynes as a much more sound debate anyway.
a shame it's slanted toward hayek...? the point of his propaganda is anti-keynes, clearly. and he does a great job at it.
Economist Rap Battle: Hayek vs. Keynes (Originally Posted: 08/30/2011)
Not sure if this has been posted before. Pretty good.
old
There's
that came out last year. My teacher is the security guard in the first video. Bunch of econ nerds rapping...lolKeynes v. Hayek (Originally Posted: 08/11/2013)
Who won?
Convincing knockout at 6:50. I liked it lol.
Agreed, and surprisingly well-stated, given the medium
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