Pretty well done, I must say. Add it to ECON 101 (or was it 201 that was the intro course? I cannot remember now).

I thought it very well done, also. Russ Roberts is a professor at George Mason University, and must be a very creative teacher to come up with the idea. My economics classes at Rice used to regularly find me falling asleep in my seat.

When I first saw the video I was surprised at that (a) it had Hayek and not Milton Friedman defending the free market; and (b) it so accurately described the Austrian Theory of the Business Cycle (which most TV pundits, politicians and "mainstream" economists are guilty of). All of it made sense when I learned that it was written by a professor from George Mason, which has a very free market oriented economics department, including a number of professors associated with the Austrian school.

Bottom line though, whether you're a Keynesian or an Austrian (sorry Monetarists) you have to like this video! I agree with NoVA...slept through 3 years of econ classes at Rice.

(01-28-2010 02:23 PM)Sleepy Owl Wrote:  Bottom line though, whether you're a Keynesian or an Austrian (sorry Monetarists) you have to like this video! I agree with NoVA...slept through 3 years of econ classes at Rice.

worse, I slept through an econ TEST at Rice...

(02-02-2010 11:45 AM)emmiesix Wrote:  

(01-28-2010 02:23 PM)Sleepy Owl Wrote:  Bottom line though, whether you're a Keynesian or an Austrian (sorry Monetarists) you have to like this video! I agree with NoVA...slept through 3 years of econ classes at Rice.

worse, I slept through an econ TEST at Rice...

Ha! I bet you still passed though...

Well, they're back again with another video.



And here's some more backstory on the 2 minds behind these videos.

http://www.washingtonpost.com/blogs/the-..._blog.html

I think the second one is even better than the first.

Gotta love it:

"If you've been living high on that cheap credit hog
Don't look for a cure the hair of the dog"

Gotta love it:

"If you've been living high on that cheap credit hog
Don't look for a cure the hair of the dog"

Here are the full lyrics with hyperlinks to some relevant supporting material:
http://blog.mises.org/16752/hyperlinked-...hayek-rap/

I love the attention to detail by the writers/producers. Anybody notice who Keynes and Hayek had in their corner during the boxing match? Keynes: Thomas Malthus and John Hicks. Hayek: J.B. Say and Ludwig von Mises.

(05-15-2011 11:56 AM)Sleepy Owl Wrote:  Here are the full lyrics with hyperlinks to some relevant supporting material:
http://blog.mises.org/16752/hyperlinked-...hayek-rap/

I love the attention to detail by the writers/producers. Anybody notice who Keynes and Hayek had in their corner during the boxing match? Keynes: Thomas Malthus and John Hicks. Hayek: J.B. Say and Ludwig von Mises.

Attention to detail, and a nice dig too, as probably no one in the history of economics has been discredited more thoroughly than Malthus.