Fear the ignorance

Supposedly an answer to Fear the Boom and Bust which you can watch here as an antidote. This has been put up at the History of Economics discussion thread, but the look on the face of the student at the start when he finds that Adam Smith wrote his Wealth of Nations in 1776 suggests he may not have found the most perfect launch pad. This has been posted by the chap who put the video together.

I thought that SHOE readers would like to know about a much anticipated reply to the Hayek-Keynes rap video. Here is “Fear the Economics Textbook (Story of the Next Crook): A Rap Video,” by Stephen T. Ziliak and the RU Ready 4Justice Collective at Roosevelt University, that is, students of economics and social justice studies.

The link he provides is here. The sound hasn’t yet been perfectly coordinated with the picture so here are the lyrics to help you follow along.

[Maya and Ben sing Refrain to “Wet Dreamz” beat by J. Cole]
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
So proud, so game, so orthodox,/
2
But ch’yer head’s in the sand, Prof,/
don’t blame da Nash box./
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
Took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/ n’ we’re worryin’ about it.
[Cyris sings Verse 1 to “Let ‘em Blow” by Chief Keef et al.]
Readin’ Greg Mankiw, /
Queue the conservative man’s view/
Supply, demand, invisible hand too /
Following these Ten Commandments he hands to you /
Hey kids, you understand what Econ really can do? /
These ain’t the pearly gates, Mr. Mankiw/
Just preachin’ on profit and Max U/
But where’s the vertical mobility?/
Masses are enslaved in poverty/Millions for your fat pockets see/
This poverty of nations ain’t so efficient/
Mainstream economists are mentally deficient/
Monotonous lectures despite student resistance/What works on the Blackboard but not
with existence/
3
Your crackpot theories plot all the wrong axes /
If you are the state we-Uber-killin’ all your taxis /
[Maya sings Verse 2 to “Let ‘em Blow” (Chief Keef et al.)]
Yo I say that with gritted teeth/
Admittedly, when it comes to justice and liberty/
You Ivy leagues just can’t compete, I pity thee/
So tell New Jersey fans we gonna need new Jersey’s man/
Cause you just stand in the stands lookin’ white wan/
Invisible hand doin’ nothing but hurting me/
Burnin’ me, doesn’t matter if it’s third degree/
Cause your economic policy causing nothing but poverty/
Death n’ destruction are all that I can see/
We need wealth for society, stop with the perjury/
You cheat, you steal, you lie through your pearly teeth/But today’s a new day and there’s a
brand new lesson to teach/
We’re turning over Ivy leaves as we stomp our feet . . . ./
[Pause . . . . then Maya concludes:]
I’m like Steve Nash, so check out this sweet pass/
[Maya and Ben sing Refrain to J. Cole “Wet Dreamz”:]
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
4
So proud, so game, so orthodox,/
But ch’yer head’s in the sand, Prof,/
don’t blame da Nash box./
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
Took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
[Eboni sings Verse 3 to “Let ‘em Blow” (Chief Keef et al.)]
Lesson one, it starts in a sympathetic fashion/
Government spendin’ can stop markets from crashin’/
You askin’, “where’s the money comin’ from?”/
It’s C+I and G and then we’re done some/
You see, it’s really not that complicated/
But steppin’ on the little guy ain’t the right way to make it/
You fake it, we take it, but it’s time to unionize/
Get ourselves organized, give the capitalists a huge surprise/
And begin the journey toward a social compromise/
5
Where the poor get more and the rich standby/
We fly, get high, and soar towards the blue sky/
Where moral sentiments replace demand and supply/
[Maya and Ben sing Refrain to J. Cole “Wet Dreamz”:]
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
So proud, so game, so orthodox,/
But ch’yer head’s in the sand, Prof,/
don’t blame da Nash box./
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
Took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
6
[Cyris and Erika sing and chant Verse 4 to “Let ‘em Blow” (Chief Keef et al.)]
It’s clear your markets are free of justice/
Looks like your supply curve needs some adjustments/
We need benevolence and sympathy in the mix/
These textbooks are corruptin’ our moral sentiments/
We need O.G.s in here, like Smith, Marx and Lerner/
Heterodox economics is the real table turner/
Get back to the real world, no catallaxy/
Spontaneous order, can’t put me in a Cadillac, see?/
Check Ferguson, Garner, and Rodney King too
People can’t work when they face black n’ blue!
[Prof Z raps Verse 5 to “Let ‘em Blow” (Chief Keef et al.)]
Dude from George Mason had a lot to say/
Not a whole lot o’ substance at the end o’ the day/
His message n’ beats are false an’ predictable/
Does he even teach his students about Rawls’s difference principle?/
We come from Roosevelt, yo, n’ we are the Lakers,/
Let’s get back to class now n’ forget all these fakers/
[Maya and Ben sing Refrain to J. Cole “Wet Dreamz”:]
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
7
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
So proud, so game, so orthodox,/
But ch’yer head’s in the sand, Prof,/
don’t blame da Nash box./
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
Took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
We read, we think, we write about it,/
But ch’you’re standin’ there lecturin’,/
n’ we’re worryin’ about it.
[Maya and Ben repeat first stanza of Refrain, with fade out . . .]
I took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/
Took my last look, at this textbook,/
Invisible hand, /story o’ tha next crook,/ . . . . .

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