Thursday, 8 September 2011
Keynes versus Hayek Debate - LSE
This is a bit of ramshackle podcast because they have left in the bits they did for the purposes of editing for Radio Four. I suppose it gives you the feeling of being there. The supporters of Keynes have the best of the argument. The main reason for this is the pro-Hayek speaker seems to have adopted the strategy of making out that Hayek was not that different to Keynes in his approach.
This is a shame because the debate between Keynes and Hayek is quite a key one to the history of the twentieth century. Does a strong state inevitably lead to authoritarian governments and a decline in private enterprise and individual freedom? I'd really like to know the answer to that one. This podcast gives you a bit more background and is worth a listen but I think it was a bit of a missed opportunity to go a bit deeper.