Thursday, January 28

Macro rap

When I was in high school, I considered music composition as a potential career option. But when I got to university, I quickly abandoned that in favour of economics. Little did I know the two fields could actually be combined:





This video is awesome. I think I learned more from it than I did from first-year macroeconomics.

It's interesting that they use Hayek to portray the pro-market view though — I thought Friedman was the guy the right typically holds up as its example. My guess is it's because the video (produced by econstories.tv) is affiliated with George Mason University, which is at the centre of Hayek's Austrian school of economics.