Hayek and Keynes Battle at The Economist’s Buttonwood Gathering

On October 25th, an audience of financial managers and CEOs, politicians, central bankers and Nobel Prize-winning economists at The Economist’s Buttonwood Gathering were treated to an unusual experience: a live rap battle between John Maynard Keynes and F. A. Hayek.

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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’s Buttonwood Gathering were treated to an unusual experience: a live rap battle between John Maynard Keynes and F. A. 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 http://buttonwood.economist.com

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Comments Link
  • Trading

    It´s the INTEREST, stupid

    Mathematically perfected economy is a currency not subject to interest, comprising a debt financing all permissible enterprise, paid by each and every debtor exactly as they consume of the associated production.

    There is no inflation or deflation, as the currency in circulation is always equal to the current value of existent production across however much of the economy is supported by a circulation.

    The remaining circulation is always sufficient to pay off debt. Further production therefore is not impeded by a deficient circulation, deplenished by paying more than what circulation was introduced for to finance the production.

    Debt is not multiplied beyond the circulation or remaining value of indebted assets.

    Mathematically perfected economy is no more than a singular prescription, dissolving unjust intervention.

    http://endtheecb.ning.com

  • Keli C

    John! Congrats on the success of the first video and on the coming second video. I can’t wait!! Will you be at the Sammies again this year? :)

  • Anonymous

    Terrific. Russ and John, you are doing great work. Thank you very much.

  • http://pulse.yahoo.com/_KW4RD3VVECFV7FZSISC64BBVM4 D H

    Awesome well done! thank you!

  • Andrew Reading

    I really enjoyed the content. The explanations were quite good.

  • Rogermode

    it´s a great job of all your team, but if you can put subtitles in spanish for people like me that understand just a little bit of your idiom will be fine, congratulations!!!

  • Leon

    Great to see that more people understand a part of the real problem in this world! This economic system.. Hard to say that The Venus Project or The Zeitgeist Movement have controversial ideas…

  • Mart

    I came across your blog when doing research on f.a. hayek. Your blog is very interesting. I also came across another very interesting article f.a. hayek and a bunch of other things. Here is a link to it if anyone is interested:

    http://www.thegoldstandardnow.org/history/what-the-gold-standard-isnt

  • Proscribe

    Nice LL Cool J reference by Keynes early-on too: ” “Don’t call it a comeback, I’ve been here for years.”

  • DM

    Well done guys!

  • Erikamagz

    I can´t stop watching it!!! Luv it!!

  • Mike

    excellent job. each jab had the corresponding action in the video. like Hayek dancing with his jacket open. excellent merging of entertainment and enlightenment. Superb….

  • http://twitter.com/MigueEdu Migue Edu

     Hilarious!!!

  • Wapshott

     

     

    Please note
    that my book Keynes Hayek: The Clash That Shaped Modern Economics is published
    by W.W.Norton in October.

    Professor
    John B.Taylor of Stanford and the Hoover Institution says that: “Nicholas
    Wapshott brings the Keynes-Hayek fight of the 20th century back to life, making
    the clash both entertaining and highly relevant for understanding economic
    crises of the 21st century.”

                Read an extract at: sites.google.com/site/wapshottkeyneshayek/

    Nicholas
    Wapshott

     

     

     

     

     

     

     

     

     

  • Peter

    I think if you compare Keynes’ “General Theory” with Mises’ “Human Action” or Rothbard’s “Man Economy and State”, the “General Theory” looks like a bunch of goble-dee-gook that has no fundamental foundation like the logical consequences of ordinal choices that Mises and Rothbard base their theory on. At least if you disagree with Mises or Rothbard there is a framework to start from.

  • Hbomb24

    RonPaul got me interested in Austrian economics. Those guys should do some rap videos for him. They’re awesome!

  • Max Lee

    I have been shocked,never see things like this before! By the way I am in China! I like it !

  • ae1911

    Caught Hayek on Tosh.0…… Dunkin doughnuts haha

  • http://www.maendelwealthmanagement.com/ Jim Maendel

    Awesome productions. Kudos for bringing Keynes, Hayek and Economics to life!

  • Jakub1618

    I like austrian  school  of economy, nut Mises was better then Hayek.