Ned Phelps on Keynes vs Hayek (Hayek wins at least)

We all know the fight of the century between Hayek and Keynes (for those of you that don’t an informal presentation is available on youtube here and here).

Ned Phelps gives us his informal opinion about that fight in terms of the current situation http://capitalism.columbia.edu/files/ccs/Keynes%20Vs.%20Hayek%202011-11-17.pdf

It’s interesting but once again it’s amazing how little Hayek is really known even by Nobel Prizes (Hayek is the most cited economist of the speeches of Nobel laureates).

I think Hayek’s work will be always undervalued and not read.

Vodpod videos no longer available.

 

Vodpod videos no longer available.
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