The rap battle between Hayek and Keynes

February 2, 2010 · Filed Under Analytical techniques, Economics 

by Eric Garland

Keynes and Hayek cutting heads, playing the dozens on their economic philosophies. Entertaining, and a fairly accurate breakdown of the Austrian school versus the resurgent Keynesianism which we are all experiencing.

That said, what if both these economic theories are dead and something new is on the horizon? Then this “battle” framework is distracting us from the hard work of original thinking.

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