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Friday, 26 August 2011

Keynes vs Hayek (free market)

The greatest economic debate has been between the Keynesian views about government intervention in the economy and the Hayek views that markets should be left alone.

These two videos put some fun into the fact that these opposing views will always battle it out to be the best option. In your exam, it is important to form your own opinion about the economic issues you are discussing.

http://econstories.tv/2010/06/22/fear-the-boom-and-bust/

http://econstories.tv/2011/04/28/fight-of-the-century-music-video/

So which are you?

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