Keynes and Hayek

I used my notes and the Keynes versus Hayek music video as part of our reading this week. As usual, half the class tried skipping directly to the video, but it became pretty clear, as I suspected it would, that they didn’t understand what was going on if they had not read the notes.

We’ll be discussing the video tomorrow when we try to wrap up the week’s work, but, as one student mentioned, it can be a little hard to figure out the words in the rap. Fortunately, the Econ Stories website has been updated to include the lyrics.

Even without the lyrics, however, I really like that you can get a good idea about the competing economic theories solely from the video itself, since it’s just a very detailed extended metaphor. It’s so chock full of symbols that it could probably be used to supplement the Calvin and Hobbes comic strip in our language lessons on finding symbols in texts.