Showing posts with label John Maynard Keynes. Show all posts
Showing posts with label John Maynard Keynes. Show all posts

Thursday, May 5, 2011

Hayek Vs. Keynes




So here we have a remarkably intelligent presentation of the economic debate between Friedrich Hayek and John Maynard Keynes as a rap song and a boxing match. Hayek is assisted by Ludwig van Mises, Keynes by Thomas Malthus. I must admit I am not sure how Malthus fits with Keynes. I would think of Malthus more as being with Hayek in terms of being against government spending on welfare programs. I guess the connection to Keynes is that they both saw man in animalistic terms, motivated by the passions, instead of Hayek's rational producer and consumer.