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

Emergent Order
Emergent Order, 2010
Level: beginner
Perspectives: Austrian Economics, Other, Post-Keynesian Economics
Topic: Macroeconomics, Microeconomics & Markets, Reflection of Economics
Format: Explainer Video
Duration: 00:07:32
Link: https://www.youtube.com/watch?v=d0nERTFo-Sk

In this video, John Maynard Keynes and F. A. Hayek come back to life and go out for a night in town and rap about boom and bust cycles. They battle each other with explanations why there is a boom and bust cylce in modern economies, why there are good reasons to fear boom and bust cycles and how to retaliate them. During the rap battle, many popular notions and key concepts of the two famous economists of the 20th century are thrown around.

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

This material has been suggested and edited by:

Kasturi Kandalam
Tags: aggregation | animal spirits | Austrian school | Boom and Bust cycles | capital | government spending | growth | history of economic thought | human action | income | interest rate | investment | Keynesianism | macroeconomics | markets | money multiplier | short-run | spending
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