12.08.2011

Ke$hian Economics, Or: When Keynes met Hayek met Ke$ha

Considering how many times I've watched EconStories'' "Fear the Boom and Bust" rap, and that I'm an avid lover of Planet Money, you'd think I would have stumbled upon this podcast from January 2010 about the making of the video earlier. Oh, well. Better late than... you know.


My favorite part? Their dialogue after Ke$ha has watched and commented on their video (who I have newfound respect for) and then they've watched the video for "TiK ToK":


"I's very Keynesian in spirit: party on the town with inadequate funds, finding unspecified sources funding. But, the key is to have a good time." 
"Although, it's Hayekian in the sense that she feels that she can autonomously decide how to spend time in her life; she doesn't need her parents or some other centralized authority telling her how to spend time." 
"That's an excellent point. And, there's an emergent order that kind of comes together without top-down supervision." 
"And it was all market-exchange, she..."

[And then they cut off the dialogue! I could've listened to that for hours.]

If I were an economics professor, I'd totally teach a class on the economics of pop music.



Ke$ha - "TiK ToK"


EconStories.tv - "Fear the Boom and Bust"

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