. . . gives an economist’s perspective on the now-viral Keynes vs. Hayek rap video. I do get the feeling that he thinks there was a bit of oversimplifying. On the other hand, I’m not sure how else anyone could hope to coax the young into imbibing a seven-plus-minute lecture on economics.
We’ll see if this revives interest in Hayek. You can always start here.
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Of course there was simplification. Hayekian macro theory is a hard nut to crack especially if one has learned orthodox Keynesianism. But like I wrote I didn’t find anything in the lyrics that was inaccurate. I’m sure if I went over them closely I’d fine something.