Tuesday, May 24, 2011

Keynes vs Hayek

The economist Mario Rizzo likes to say, "The great debate is still Keynes versus Hayek.  All else is footnote."  Thanks to the modern technologies of time travel and YouTube, we can now witness the great debate in the form of an epic rap battle.

Part I

Part II


  1. Now if this was how it was taught in college, you might actually get a few more people to take econ classes.
    Anyhow, since I lean toward Austrian economics, I declare Hayek the winner.

  2. I too tend toward Austrian economics though I stop short of totally embracing them. I think that Austrians rely too much upon axioms just as mainstream economists rely too much on narrow statistics.