Directed by Ilan Ziv • Documentary • 2014 • 53 minutes
KEYNES VS HAYEK: A FAKE DEBATE? 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.
Keynesians ruled the day in the post-war economic expansion, but the soaring crime rates and economic stagnation of the 1970s rekindled interest in the idea that the government could not successfully guide the economy. This was the moment at which uber-Hayekian economist Milton Friedman emerged from obscurity, influencing the neo-conservative governments of Ronald Reagan and Margaret Thatcher, and leading to an economic revolution whose hallmarks - privatization and deregulation - continue to be felt today.
Is it time for the pendulum to swing back to Keynes? Or do we need a whole new approach that goes beyond the dualism of Keynes vs Hayek?
Featuring Keynes biographer Robert Skidelsky, Hayek biographer Alan Ebenstein, and economist James Kenneth Galbraith, among others.
Up Next in Icarus Films
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Kuxa Kanema
Directed by Margarida Cardoso • Documentary • 2003 • 52 minutes
The first cultural act of the nascent Mozambique Government after independence in 1975 was to create the National Institute of Cinema (INC). The new president Samora Machel had a strong awareness of the power of the image, and under...
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The Land of the Whale
Directed by Armando Capó • Documentary • 2025 • 79 minutes
For filmmaker Armando Capó, the southeastern Cuban town of Gibara is a place of ghosts, haunted by his lost youth, a bustling past that cannot be recovered — and the skeleton of a whale.
Capó left Gibara for Havana as a young man, reali...
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Last Grave at Dimbaza
Directed by Chris Curling and Pascoe Macfarlane • Documentary • 1974 • 55 minutes
In 1969, a small group of South African exiles and British film students formed Morena Films in London to produce films about apartheid. By 1974, they produced one of the first, and certainly the most influential, ...
