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July 15, 2011

EconStories Does It Again: New Rap on Keynes and Hayek

Filed under: Economics — Tags: , , , , , — Peter Anthony @ 1:28 am

The talented rappers from EconStories have released another rap on their continuing debate between Keynes and Hayek. Titled “Fight of the Century” it does a wonderful job of outlining the issues behind the current economic crisis:

According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. But we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?

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July 7, 2011

Fight of the Century form Econ Stories

Filed under: Economics — Tags: , , , , , , — Peter Anthony @ 10:57 pm

After the tremendous success of “Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem by Econ Stories, a follow rap has just been released. This rap titled Fight of the Century: Keynes versus Hayek Round Two explores the recent economic recession. As explained:

According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. But we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?

Read more…

April 24, 2010

Keynes: the Father of Macroeconomics

Filed under: Economics — Tags: , , , , — Peter Anthony @ 5:50 am

John Maynard Keynes is considered the father of macroeconomics and his theories have recently enjoyed a renewed level of interest in the context of the Global Economic Crisis (GEC). There has even been a rap on Youtube dedicated to the differing opinions between Keynes and the less famous Hayek.

Not only will you be able to understand the lyrics of  ”Fear the Boom and Bust”, Sections 3.3 to 3.5 will explain various macroeconomic models and outline the enduring debate between neoclassical economists and Keynes and their solutions to the threats posed by inflation and unemployment.

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