Fear the Boom and Bust, a Hayek vs. Keynes Rap Anthem

Post date: Aug 30, 2011 7:35:43 PM

Want be amused and earn some easy points? If you watch and review this video I will make whatever lesson you want (not a quiz, test, or project) worth 100%. John Maynard Keynes and Friedrich von Hayek were two prominent economists whose ideas had a massive impact in economic policy in the 20th century. I recently discovered a "rap anthem" where the two argue their points of view about the economy that I want to share with you because it's cool. The video can be found at the following link: http://www.youtube.com/watch?v=d0nERTFo-Sk . If you would like to earn some easy extra points, watch this 7 min. video and write up a short paragraph (3-5 sentences) explaining the principal difference between Keynes' and Hayek's economic theories. Copy this paragraph and paste it into your message box within OW using "Fear the Boom and Bust" in the subject bar. Either at the top or bottom of your essay, put the name of the lesson you want to have 100% on. Any lesson is good, and you want to pick the one you scored lowest on, but I can only give you 100% on a lesson that you have already completed. I hope you enjoy this video, and I promise that by the end of the semester you will see this video with much greater understanding than now.

Trehal