January 8, 2010
Do you need an excuse to play rap music in an economics class?
By Cindy Ivanac-Lillig
Well, if the answer is yes, here it is -- Economics Rap. PBS put together a fantastic segment that compares the economic philosophies of Keynes and Hayek. It is less than 10 minutes long and is accompanied by a short lesson plan and some discussion ideas. It may elicit some giggling, but it is good stuff and not to mention I bet the students will remember the subject matter for a long time. As always, PBS has done a great job.
Let me know what you think....
Posted by Cindy at January 8, 2010 10:55 PM
TrackBack URL for this entry:
Too much Keynes, not enough Hayek.
It would have been much more interesting if it was 10 min of Hayek and 0 min of Keynes, but that's just my obvious biased opinion.
Posted by: CG at January 9, 2010 1:14 AM
This isn't about keynes or hayek.
As a member of the chicago fed why haven't you or any of the other regional feds commented more on the profitablility of the banks. Why has no one mentioned that with their cost of funds and their refusal to reduce consumer interest rates is the reason they are making so much money. What happens when the fed starts to raise rates? are the banks going to ask for an increase in the rates they can charge consumers so their bottom lines are not affected.
When is the fed going to stand up to the banks and force them to loosen their lending criteria to get this economy moving or is this one big club and the banks, not the fed, are dictating policy?
Posted by: sg at January 16, 2010 7:25 PM
Great video put on by PBS. Glad to see both sides of this argument that has truly raged for 100 years. Even though Ludwig von Mises paved the way for Hayek's thinking, it represents the Austrian school quite well and what its core functions are about. Hopefully this video will get some kids curious about the Austrian school since most if not all economic textbooks conveniently seem to forget that it exists. (and thriving nonetheless)
Posted by: Zach Halstead at January 26, 2010 5:32 AM
I just saw the economic rap video in full version the way it was meant to be shown and not a CBS segment about it.
here is a youtube link to the video:
After seeing the actual video, I think that CBS segment is terrible because it keeps the Austrian arguments in the dark. This is very much relevant to today's events as we need Austrian economics emerge into mainstream and push back on the constant crazy keyensians that constantly make the same mistakes, but pretend like no one saw the crisis coming... please....
Posted by: CG at January 26, 2010 8:54 AM
Well done! I learned some interesting things for me)
Posted by: John at September 24, 2011 1:32 AM
Very cool, I'm a huge music fan.
Posted by: Charm Jewellery at October 27, 2011 1:17 PM
Post a comment
All comments and links posted to FRBC blogs are reviewed. The Federal Reserve reserves the right to protect against spam, off-topic and profane comments and links; any such comments or links will be deleted and the domain address of the poster blocked.