Keynes vs. Hayek: Holiday Cheers

by Veronique de Rugy

In this new and short EconStories, Keynes and Hayek catch up over dinner and champagne after two intensive battles of ideas (here and here).

 
As you can see, Hayek does his part to increase aggregate demand. I wonder if he bought his gift online during Cyber Monday. If he did, he helped make November 28 the biggest online shopping day of the year (by sales) so far. In 2010, for the first time ever, Cyber Monday was the year’s biggest online sales day — bigger than Christmas. Here is an interesting chart on the issue.

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