Fight of the Century: Keynes vs. Hayek Round Two

John Papola and Russ Roberts, of EconStories, gave themselves a difficult problem when they created their first incredible Keynes vs. Hayek video.

It was like your first girlfriend being Miss World, your first rugby match being the World Cup final between England and Australia, or your first cricket match being an Ashes decider starring Freddie Flintoff.

How do you top that?

Well, it’s just about impossible. But you can at least attempt to match it, and in doing so, you may even surprise yourself, sneak up on the outside, and outdo the original without really meaning to.

So, here’s the latest video in the sequence.

While you decide if Mr Papola and Mr Roberts have matched (or even possibly bettered?) their first contest between Keynes and Hayek, look out for the Chairsatan himself, the Ben Bernank, whose dissembling conference yesterday pushed gold up to new record heights:

Here’s the EconStories description of the video above:

Fight of the Century

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.

John Maynard Keynes and F. A. Hayek never agreed on the answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century”.


Matt Ridley on trade

A modest antidote for excessive pessimism can be found from listening to the latest interview at with Matt Ridley, author of the Rational Optimist.

The interviewer, Russ Roberts, apart from weekly interviews is a professor at George Mason university and co-blogger at the excellent

I would strongly recommend looking at the interview archive where he has interviewed a wide range of people ranging from economists such as Milton Friedman, challengers to orthodox investment banking practice such as Nicholas Nassim Taleb and evolutionary fitness experts such as Arthur de Vany.

He is respectful despite not sharing their views in many cases and truly gives people an opportunity to express their views and help educate the audience.