Keynes vs Hayek – Fight of the century

In: Global Economy Humor US Economy Video

28 Mar 2013

OK, this isn’t a chart. But it is an incredibly well designed and hilarious rap video about economic theory.  Images and methods are are powerful communication tools. Check out EconStories for more music videos and mini-documentaries.

2 Responses to Keynes vs Hayek – Fight of the century



March 28th, 2013 at 10:18 am

Now, if only the so called Hayek team followed his premises instead of culting Rand.

And images are powerful indeed, associating Keynes with Wall Street sharks was highly misleading.



March 29th, 2013 at 3:18 pm

Funny thing is, Keynes and Hayek were actually friends. If you read much about their interactions they agreed on most subjects, especially the key tenants of Keynesian-ism.

Hayek mostly took his positions against government intervention on ethical grounds, thinking too much government power could too easily lead to what he had seen happen in Europe. He never really made the argument that intervention wouldn’t work, that was Friedman’s argument.

Comment Form

What is Chart Porn?

An addictive collection of beautiful charts, graphs, maps, and interactive data visualization toys -- on topics from around the world.

  • Will Reinhardt: I had no idea that China was all in one timezone, that’s crazy to me. If you walk from China to Pa [...]
  • Coffey: Not to mean but the theory that Christianity is the one and only true religion is questionable. I s [...]
  • Drumwaster: Good thing we have these snapshots, otherwise I'd have to rely on NASA for such data, and what do th [...]
  • Sean Collins: I'm no economist but how does raising the minimum wage help the unemployed? They have no wages to ra [...]
  • Benjamin: There is actually a difference between items showing up in your timeline (when you like a page and F [...]