Keynes vs. Hayek



How do we get out of the financial mess we’re in? Two of the great economic thinkers of the 20th century had sharply contrasting views: John Maynard Keynes believed that governments could create sustainable employment and growth. His contemporary and rival Friedrich Hayek believed that investments have to be based on real savings rather than fiscal stimulus or artificially low interest rates.

This debate at the London School of Economics features Professor Lord Skidelsky, Professor George Selgin, Duncan Weldon and Dr Jamie Whyte.

Keynes v Hayek [Audio] by London School Of Economics on Mixcloud