Hayek vs. Keynes Sequel Sneak Peek at The Economist Buttonwood Gathering

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On October 25th, an audience of financial managers and CEOs, politicians, central bankers and nobel prize winning economists at The Economist Magazine’s Buttonwood Gathering were treated to an unusual experience: a live rap battle between John Maynard Keynes and FA Hayek. Following a presentation by Nassim Taleb, the lights went down in the auditorium and Fear the Boom and Bust blasted onto the screen. This video picks up at the end of that special presentation, where Keynes and Hayek stepped onto the stage to give a preview of the next EconStories music video. In the final new video, which will be completed in the months ahead, expect many more lyrics and an all new beat. Lastly, Russ Roberts and John Papola took the stage with John Micklethwait, editor-in-chief of The Economist for a brief Q&A about the origins of FTBB and the resurgence of Hayek in the global debate over the economy. The complete set of presentations are available at buttonwood.economist.com

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hayek vs keynes i like plans by the many not by the few, hayek vs keynes sequel sneak peek at the economist buttonwood gathering lyrics

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    There Are 25 Responses So Far. »

    1. Comment by mana2432 on 3 February 2011:

      @blueteam796 that would have been more acceptable than magnets…

    2. Comment by glendalydiaify on 3 February 2011:

      Fine looking big girls looking for you naneedj.info

    3. Comment by dsvet on 3 February 2011:

      @jimmyjoe1975 also Dr. Ron Paul’s 2008 campaign.

    4. Comment by dsvet on 3 February 2011:

      @blueteam796 The Invisible Hand of course!

    5. Comment by TheRandian1 on 3 February 2011:

      “Do I plan for myself or leave it to you? I like? plans by the many not by the few”

      This sums up everything about the 2 philosophies in 2 sentences.

    6. Comment by arthur1411 on 3 February 2011:

      Good luck.

    7. Comment by Tnat1on on 3 February 2011:

      The moderator is a complete tool for saying that the video accurately explains just Hayek. That’s the keynsian agenda that they have put forth with even more astounding accuracy. The stupid moderator was clearly afraid of that.

      Good job guys!

    8. Comment by Slipknotyk06 on 3 February 2011:

      @EconStories – How long now!? :-P I feel like a kid waiting for christmas! lol

    9. Comment by blueteam796 on 3 February 2011:

      Fuckin markets how do they work?

      And I don’t want to talk to an economist,

      yall motha fuckas lying and getting me pissed!

    10. Comment by janroucax on 3 February 2011:

      Any Schumpeter vs. Friedman battle coming up ?

    11. Comment by giveme5mins on 3 February 2011:

      Thank you so much for putting this together I have always had several issues understanding my economics lectures. Particularlly Hayek confused me but the two perspectives put out like this is a perfect understanding.

    12. Comment by Senexx1 on 3 February 2011:

      The first video was great and appropriate for a global audience for countries around the world like you would find on YouTube. I loved it. The sequel however seems very US-centric.

    13. Comment by maven21 on 3 February 2011:

      @EconStories when will the second part of keynesianism come out?

    14. Comment by EconStories on 3 February 2011:

      @scwallac we’re very deep into the writing and production of the new song, so there isn’t too much longer to wait. We hope it’s as useful and entertaining at the first. Wish us luck!

    15. Comment by sudmalis100 on 3 February 2011:

      i wonder if my human geography teacher (who also teaches economics) has seen this

    16. Comment by xanas3712 on 3 February 2011:

      @truevoice08 I agree with you somewhat here, but keep in mind the moderator probably hasn’t watched their speeches at the Mises institute. I thought Russ had the larger role on the economics myself until I had seen Russ and John talk.

    17. Comment by xanas3712 on 3 February 2011:

      @EconStories The work you are doing is awesome John, keep it up.

    18. Comment by Wormtail81 on 3 February 2011:

      That stuff at the end about aggregation and co-ordination was pure gold.

    19. Comment by scwallac on 3 February 2011:

      Waiting with baited breath for the second video you guys referenced!

    20. Comment by serena030692 on 4 February 2011:

      That audience sucked.

    21. Comment by arcticmint on 4 February 2011:

      Read Liars Poker and the Big Short by Michael Lewis if you want a more practical and less theoretical explanation of the problems we face today. Specifically bad incentives in the financial markets.

    22. Comment by Slimdawgc on 4 February 2011:

      Ahaha those central bankers look uncomfortable…

    23. Comment by SmilingJack100 on 4 February 2011:

      I have to say while the videos lean a little unjustly towards Hayek the style of it is hilarious and the overall elaboration of both their theories was quite good. I hope there are more to come.

    24. Comment by jorgekluney on 4 February 2011:

      Going to guess the LL Cool J reference fell flat.
      KNOW YOUR AUDIENCE!!

    25. Comment by TheAndrewyork1 on 4 February 2011:

      MJMedin your perspective on sarah palin is ignorant

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