Keynes vs. Hayek: An Economics Debate

This afternoon (Eastern time) Reuters will broadcast a live debate between two teams of economist, replicating the Keynes vs. Hayek debate of the 30s. The two teams consists of four Keynesians – economist James Galbraith, son of the high priest of Keynesianism, John K. Galbraith; New Yorker columnist John Cassidy,  Sylvia Nasar, the historian of economic thought and author of Grand Pursuit; Steve Rattner, the architect of Obama’s auto company bail-out – and four Hayekians – Economics Nobel Prize-winner Edmund Phelps; Professor Lawrence H. White of George Mason University; Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute; and Stephen Moore of the Wall Street Journal.”

The debate will be hosted at the Asia Society (5:00-7:30 pm).