Categories
economics

Rapping economists Rd. 2 (RE2?)

If you haven’t seen it yet, you have to check out the original Keynes vs Hayek rap battle:

 

 

They covered a lot of ground. Animal spirits, circular flow, human action, cheap credit, inflation, etc. I really think they did a great job explaining economic macroeconomic ideas in a catchy manner. Well, there’s a new, updated version coming out soon and there was a preview of it at a talk given by the Economist magazine. The discussion afterwards is illuminating too…

 

 

I think they did an even better job of getting to the political aspect of the differences between the two economists. The issue of who decides what should be done for everyone is addressed, as is the frequent claim that free market types would be fine doing nothing while everyone suffers. I can’t wait for the finished  second video to come out, hope it’s soon!

Leave a Reply

Your email address will not be published.

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