John Papola on the Keynes Hayek Rap Videos

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4.7 • 4.3K Ratings

🗓️ 2 May 2011

⏱️ 81 minutes

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Summary

John Papola of Emergent Order talks with EconTalk host Russ Roberts about their collaboration creating rap videos based on the ideas of John Maynard Keynes and F. A. Hayek. Their first was "Fear the Boom and Bust" which was released January 25, 2010. This past week they released "Fight of the Century." The latest video discusses the overarching differences between the philosophies of Keynes and Hayek and their views on whether government spending promotes recovery from an economic downturn and whether it leads to prosperity. In this conversation, Papola and Roberts discuss some of the underlying ideas in the video--whether the military spending of World War II ended the Great Depression, the debate between Malthus and Say and their influence on Keynes and Hayek, and the fundamental differences between Keynes and Hayek in how economic prosperity is created.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:12.5	I'm your host Russ Roberts of George Mason University and Stanford University's Hoover
0:17.3	Institution.
0:18.7	Our website is econtalk.org, where you can subscribe, find other episodes, comment on this podcast,
0:25.8	and find links to other information related to today's conversation.
0:29.9	Our email address is mailadicontalk.org, we'd love to hear from you.
0:38.9	Today's April 29th, 2011, and my guest is John Popola of the production company Emergent
0:45.6	Order, and the co-creator along with me of the Kane's Hyak Wrap videos, John, Welcome
0:51.1	to Econ Talk.
0:52.1	It's very exciting to be here with you Russ.
0:55.6	Fun for me too.
0:56.6	I have a weird setup because I'm going to be interviewing both of us.
1:00.5	Anyway, that's what we're doing here.
1:04.1	The second Kane's Hyak Wrap video called The Fight of the Century, Kane's versus Hyak
1:09.2	Round 2, debuted this past week.
1:13.3	I thought we'd talk a little bit about our collaboration, and then some of the economics
1:19.2	issues involved in the video and the lyrics, and then finally, try to give the listeners
1:24.3	a little bit of the behind the scenes of how hundreds and hundreds of hours of your time
1:29.4	in mind, and then dozens of hours of filming time got turned into nine minutes of 10 minutes
1:36.0	of video.
1:37.0	It's a remarkable story that it's been fun for me to see behind the curtain of the process,
1:43.4	and I thought some of our listeners would enjoy that as well.
	...

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