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Capitalism. Part 5, Keynes vs Hayek : a fake debate?

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Summary

  • For nearly a century, most economic debate in capitalist societies has come down to a battle royal between two camps: those following John Maynard Keynes and those whose allegiance lies with Friedrich Hayek. Or, in other words, the ideological divide between those who see the need for economic policy to serve social cohesion and stability, and those for whom price--as set by the free market - is the only guide to rational economic decisions. This fifth episode of the Capitalism series delves deeply into the origins of both schools of thought, and how they were shaped by post-WWI German reparations, the Depression, and the need to rebuild industrial economies after World War II.

Notes

  • Title from title frames.
  • Originally produced by: Zadig Productions/Arte France/T.A.M.I. Media, ©2014.
  • In English and French with English subtitles; closed captioning available.
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