Inasmuch as Henry Hazlitt hammered the spike into the chest of Keynes' corpse in 1959 - NINETEEN FIFTY-NINE, f'chrissake - with *The Failure of the "New Economics"* (look it up on Wiki-bloody-pedia; you can also find it entire in PDF online), just why the hell has anybody given even lip service to J.M.K.?

0:06 Ist that Joseph E Stiglitz?

It's quite clear that in the end it's really no debate. Hayek's view is easily provable the best approach which is what our forfathers envisioned prior to Hayek of course. But when you look at history to current times you see failure after failure of versions of Keyensian implementations. It's undenyable. Of course to those tilted to the left wing they will stick their heads in the sand and deny it. They will claim it's never been implemented correctly even after you can point to 100% failure.

I think he means unusual as in it's not everyday you see economics raps...I don't think he means to be arrogant. It's not like he said he didn't like it, just that it wasn't normally something you'd see.

(MISES! Yes, that would be awesome)

Amazing, simply amazing.

this music video is getting annoying at the beginning of every video

Sweeeeeeeeeeeeeeeeeeet! 

Ron Paul 2012

A rapping Mises would be cool!

They should do a rendition of this with the candidates for the 2012 presidency.

Love, love , love! Thank you !

the host of this gathering is quite arrogant, 'educating people in the most unusual way'. Its not unusual its modern and hopefully it will attack more people to an otherwise bland field.

absolutely - my guess is that they're mostly econometricians and very few theorists.

epic idea is epic !!! nice :)

Garbage. Let's have a Minsky vs Neo-Classical Synthesis, the later of which 100% completely MISSED the crisis

@Econsotries: You should keep the back beat of the first video. It has a nice flow to it and synergizes well with lyrical form. Thank you and please keep posting.

@testman2 by "making sure" do you mean TAKE money from me to give to my neighbor? Because that seems like the agenda for Keynesian economics, forced economic equilibrium.

The first 2 videos you all did were absolutely fantastic.

Just what Ron Paul Says! Ron Paul 2012

testman you miss the point completely. Heyaks philosophy is that there the few should not "run" the economy like you suggest. It is too hard for one mind or even a set of minds to determine what is necessary to fulfill the demand of everyone. "Just spending" and "pumping" money into the economy is just like me coming over to your house and writing checks out of your family checkbook. Do i know better how to invest your money? No I don't, because I don't know whats important to you!

Having The Economist hosting a debate between Keynes and Hayek is like having George Bush host a debate between Neo-Cons and Multilateralists.

THANK YOU! I get that the creators have a big bias for Hayek, and that's fine. But to pretend that the global economy can be run like a family checkbook is slightly demented. Keynas wasn't trying to help YOUR pocketbook, his philosophy is based on making sure an entire economy runs. That means you AND your neighbor.

That's my Austrian persepective!