Wednesday 27 January 2010

Keynes, Hayek, Booms and Busts

This morning a friend of mine sent me this link:

http://www.youtube.com/watch?v=d0nERTFo-Sk


It's a video. A rap music video. With economic theory in it! Keynes and Hayek return to life to attend the "World Economic Summit". Keynes suggests that he and Hayek go out for a night on the town, during which they each outline their theory of booms and busts, all in the company of pretty ladies and ample amounts of alcohol (and a barman who is eager to serve).

It was a good start to my day. The video is really well done, and there are so many well thought-of details; even the barman serving the shots looks a bit like Bernanke (and his name is Ben)! Kudos to John Papola and Russ Roberts, and to the main actors, Billy Scafuri (John Maynard Keynes) and Adam Lustick (F. A. Hayek).

If you like their project, go to their website at http://www.econstories.tv to read more about the project and those behind it, and to donate for what's coming next. May there be lots more!!

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