BBC Radio 4 in the UK has a very interesting debate pitting followers of Keynes vs those of Hayek available at: podcast Being the LSE there are quite a few Hayekians in the audience for riposte. The debater’s arguments from both sides are stimulating – but I must agree with the point which Skidelsky makes over and again that the Hayekian argument for getting out of a recession is to let society fail is unacceptable.
Chair: BBC Newsnight economics editor Paul Mason
For Keynes:
Robert Skidelsky
Duncan Whelden
For Hayek:
George Selgin
Jamie White
If you haven’t had a chance Skidelsky’s latest book on Keynes it is well worth a read.
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