Keynes vs. Hayek: Learning Economics With Rap Music

Keynes vs Hayek - The Ultimate Economics Debate. Who Said Economics Has To Be Boring? Watch the Two Godfathers of Economic Theory Battle It Out.

Keynes vs. Hayek – The Ultimate Economics Debate 

You have to watch these videos for the entertainment factor alone; however, there is an underlying lesson of the opposing sides in the economics debate.

Interventionist economics with the associated stimulus and demand-driven economic thrust which dragged the west out of the depression was led by Keynesian thought.

Contrasting that with Hayek’s prospectus proffered by Margaret Thatcher, which dragged Britain out of the 1970’s gloom into the modern world.  These videos are funny, educational, and really cool, at least for us stock market buffs.

Part 1 – Hayek vs. Keynes – Fear the Boom & Bust

Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!

One thing is for sure the direction of the market, as highlighted in my book, and the training course is dictated by the business climate, which is dictated by the economic principles practiced during the era.

The modern era of the west is driven by Keynesian economics, which leads to boom and bust.  But who is to say the Heyekan prospectus would yield riper fruit.

The day when economists agree and find the right path will be the day hell freezes over.

One thing is for sure, the power and wealth of nations are dictated by the success of the economies that drive them and the technologies they develop.

Boom and bust details are highlighted in a previous post. Boom and Bust

Part 2 – Hayek vs. Keynes- Fight of the Century

Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two

All credit to the folks at http://econstories.tv for a top video.

p.s. Keynes was British, not American, and Hayek was Austrian.

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