Wednesday, July 27, 2011

Economics Music Videos: Hayek vs Keynes and Debt Ceiling

After learning about supply, demand, and market equilibrium I thought I would share a few educational economic music videos that are getting hundreds of thousands of views on the web before continuing to explain market clearing behavior towards equilibrium.

The first two are done by econstories.tv and are highly entertaining and do a great job explaining two major macroeconomic theories by two of the most infamous economists. John Maynard Keynes, the founder of keynesian economics and Frederick Hayek, an important figure in the Austrian school. These videos introduce some concepts that I will explain in the future.

The sequel: The Fight of the Century



A video dedicated to the current debt crisis in America, once again very enjoyable while at the same time including many economic principles.