Keynes v Hayek: Two economic giants go head to head

cartoon of two people fighting over bag of money

CC-BY-ND by on Flickr

Two economic theories are coloring the current debate on how to solve the ongoing financial crisis, here is a break down of both so that you can make informed decisions:

John Maynard Keynes and Friedrich August Hayek were two prominent economists of the Great Depression era with sharply contrasting views. The arguments they had in the 1930s have been revived in the wake of the latest global financial crisis.

The contemporary relevance of their ideas has even been debated in a rap video. More than 1,000 people attended a BBC Radio 4 debate at the London School of Economics to hear supporters of the two economists argue their case.


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