Episode 5: Two Efficient Market Hypothesis Economists are Walking Down the Street

John Maynard Keynes is described by Robert Heilbroner as the "engineer of capitalism repaired." When economic crises unfolded, Keynes believed that government should get involved in the form of spending and then step back when the markets equalized; a much different approach from austerity-ridden southern Europe soon after the crash of 2008. Realistically, how much can we let the market alone? How much government intervention is too much? In our last episode of season one, Lev and Natalie discuss Keynes, the efficient market hypothesis and the enigma of economic bubbles.  

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