Monday, January 25, 2010

Keynes vs. Hayek Rap Video

Well-made, but I don't think Keynes' is given a fair shot.

hat tip: Marginal Revolution


  1. i don't know how to feel about this...

  2. A fair shot for Keynes was never this pair's intention--the website says as much, and I doubt they'd have gotten funding if it was.

    Seems like both these 'econstories' guys and Krugman are trying to make their man the little guy. Krugman's point is that Keynes has been largely ignored since the 1970s--the video's opening portrays him in the opposite light.

    Of course, they might be partly right in the hotel desk scene. As I understand it, Hayek was pretty obscure until recently, when right-wing universities needed to scare up more theoretical backing. It's interesting that they try to set up the dichotomy as Keynes vs. Hayek ("we've been going back and forth for a century") rather than Keynes vs. Friedman or Keynes vs. Adam Smith or something. It elevates Hayek by proxy, sort of like an underground rapper getting attention by starting beef with a famous rapper, or like Keith Olberman attacking Bill O'Rielly until he is considered someone of similar stature.

    The "drunk+hangover" conceit isn't subtle, either.


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