Episode 398: Obama, Ryan And Two Dead Economists

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In 1975, Friedrich Von Hayek met the press.

In 1975, Friedrich Von Hayek met the press. Charles Harrity/AP hide caption

toggle caption Charles Harrity/AP

On today's show, we talk to Nicholas Wapshott, author of Keynes Hayek: The Clash That Defined Modern Economics.

That clash is still clashing today. Paul Ryan has cited Hayek as an influence (though they disagree on some key points); President Obama has clearly been influenced by Keynes. And, really, there's no way to reconcile the ideas.

"This election is about two profound, competing theories that really can't exist in the same room at the same time," Wapshott says.

It's on.

Note: Parts of today's show originally ran in an episode last year.

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