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Masters of Money

Masters of Money is a three-part BBC documentary series presented by Stephanie Flanders, exploring the lives of John Maynard Keynes, Friedrich Hayek, and Karl Marx, and their influence on modern economics. John Maynard Keynes is known for Keynesian economics and as an early pioneer of macroeconomics. Keynes believed that in a crisis, the government should spend money, even if it had to borrow to do so. Friedrich Hayek is part of the Austrian School of economics. Hayek felt that a recession should be allowed to run its course to correct the financial system. Karl Marx is known for Communism and the theories that are collectively called Marxism. Max argued that capitalism is inherently unfair and therefore doomed to collapse.

Episode 1 - John Maynard Keynes
Stephanie Flanders looks at the life and work of economist John Maynard Keynes, who believed that in a crisis, the government should spend money, even if it had to borrow to do so.

Episode 2 - Friedrich Hayek
Stephanie Flanders looks at the radical free-market economist Friedrich Hayek, who felt that a recession should be allowed to run its course to correct the financial system.

Episode 3 - Karl Marx
Stephanie Flanders examines at the revolutionary and influential ideas of Karl Marx, who argued that capitalism is inherently unfair and therefore doomed to collapse.


Related Links
John Maynard Keynes - wikipedia
John Maynard Keynes (1883-1946) was a British economist whose ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments.
Friedrich Hayek - wikipedia
Friedrich August Hayek (1899-1992) was an Austrian, later British, economist and philosopher best known for his defense of classical liberalism.
Karl Marx - wikipedia
Karl Heinrich Marx (1818-1883) was a German philosopher, economist, sociologist, historian, journalist, and revolutionary socialist.
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