Keynes v Hayek - the BBC Debate

A summer hat tip to Angela Aldridge from Haverstock School in Camden for flagging up a BBC Radio 4 programme scheduled for Wednesday 3rd August on a debate between supporters of John Maynard Keynes and those behind the views of Fredrich Hayek. The debate was recorded at a packed London School of Economics last week and was chaired by BBC Newnight’s Paul Mason.

What caused the financial mess we’re in? And how do we get out of it? Two of the great economic thinkers of the 20th century had sharply contrasting views: John Maynard Keynes believed that government spending could create employment and longer term growth. His contemporary and rival Friedrich Hayek believed that investments have to be based on real savings rather than increased public spending or artificially low interest rates. Keynes’s biographer, Professor Lord Skidelsky, will take on modern day followers of Hayek in a debate at the London School of Economics.

Here is the link to the programme