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SUMMER SCHOOL 1: Recessions & Rap Battles

Planet Money

CHAPTER

Economic Rivalry: Keynes vs. Hayek

This chapter explores the economic chaos of the Great Depression, focusing on the contrasting philosophies of John Maynard Keynes and Friedrich von Hayek regarding government intervention. It highlights their personalities and ideological differences, culminating in a creative rap battle that makes complex economic theories accessible. Through humor and engagement, the chapter illustrates the historical debate between these two influential economists and their visions for addressing economic crises.

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