Unit #7 Readings Video Essay

Relative to pages 226 to 228 in the text and viewing the videos below which highlight (and two poke fun at) some of the major debates between Hayek and Keynes economic theorists and theories.

POLITICAL THEORY – Friedrich Hayek:POLITICAL THEORY – Friedrich Hayek (Links to an external site.)Links to an external site.
POLITICAL THEORY – John Maynard Keynes:POLITICAL THEORY – John Maynard Keynes (Links to an external site.)Links to an external site.
“Fear the Boom and Bust”: Keynes vs. Hayek Rap Battle –“Fear the Boom and Bust”: Keynes vs. Hayek Rap Battle (Links to an external site.)Links to an external site.
“Fight of the Century”: Keynes vs. Hayek Rap Battle Round Two –“Fight of the Century”: Keynes vs. Hayek Rap Battle Round Two (Links to an external site.)Links to an external site.

Write a short response to what you have read & viewed:

In the first paragraph, summarize the main arguments and key points.
In the second paragraph, offer your ‘response’ to the ideas –

With whom – Keynes or Hayek – do you agree or disagree most?
Explain your answers.

What might be the impacts upon your own life as a citizen, worker, and person in the 21st century?
Support your argument using the Text regarding policy making processes and your general knowledge of American politics.

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