OU on the BBC: Masters of Money

Updated Monday 10th September 2012

Stephanie Flanders explores the theories of three Economic giants - and asks if their ideas might offer the world a way out of the ongoing crisis.

Stephanie Flanders Copyrighted image Icon Copyright: BBC As the world continues to feel the shakes and aftershakes of financial collapse, can the great economics thinkers who shaped the 20th century offer any way ahead for the 21st?

BBC Economics editor Stephanie Flanders wants to find out. Across three episodes, she introduces us to some of the primary thinkers in the field. She'll explain the world which shaped their ideas, the controverseys around some of their conclusions, and ask how well their prescriptions might be suited to the world in which we now find ourselves.

There are some surprises along the way - we'll discover why Karl Marx admired capitalism; how Keynes' view of German reparations after Versailles echo worries about Greek debt repayment in 2012; and why following Hayek's logic led to an American being labelled a "domestic terrorist".

Episode-by-episode

John Maynard Keynes - who believed that in a crisis, the government should spend money, even if it had to borrow to do so.

Friedrich Hayek - who felt that a recession should be allowed to run its course to correct the financial system

Karl Marx - like the others, Marx saw that capitalism was unstable, but unlike Keynes and Hayek, didn't think we had to live with it

Masters Of Money will be shown on BBC Two from Monday, 17th September at 9:00pm. For further broadcast details, and to watch online where available, please visit bbc.co.uk.

 

For further information, take a look at our frequently asked questions which may give you the support you need.

Have a question?

Other content you may like

OU on the BBC: Masters of Money - Keynes Copyrighted image Icon Copyright: BBC article icon

TV, Radio & Events 

OU on the BBC: Masters of Money - Keynes

Born in Victoria's reign, but still a central figure in political debate throughout the West today. Stephanie Flanders goes in search of John Maynard Keynes.

Article
Thinking Allowed: Commercial surrogacy in India and money Copyrighted image Icon Copyright: Aleksandar Kamasi | Dreamstime.com article icon

Society, Politics & Law 

Thinking Allowed: Commercial surrogacy in India and money

Reproductive tourism and being unable to keep up with the transformation in money across the world is spoken about on this week's Thinking Allowed. 

Article
OU on the BBC: Masters Of Money - Marx Copyrighted image Icon Copyright: BBC article icon

TV, Radio & Events 

OU on the BBC: Masters Of Money - Marx

Although many believed him lost amongst the rubble in the fall of the Berlin Wall, could Marx offer a way out of our current financial problems?

Article
Child of our Time: Order your free 'Becoming a Teenager' booklet Creative commons image Icon The Open University under Creative Commons BY-NC-SA 4.0 license article icon

Education & Development 

Child of our Time: Order your free 'Becoming a Teenager' booklet

Order a free booklet exploring key aspects of childhood and teenage life.

Article
Paul O'Grady's Working Britain: Order your free copy of 'A journal of working class life' Creative commons image Icon The Open University under Creative Commons BY-NC-SA 4.0 license article icon

TV, Radio & Events 

Paul O'Grady's Working Britain: Order your free copy of 'A journal of working class life'

Order a free booklet exploring different aspects of working class life in Britain through the years.

Article
The making of Wreckers 11: Hitting the books Creative commons image Icon peprice under CC-BY-NC-SA licence under Creative-Commons license article icon

TV, Radio & Events 

The making of Wreckers 11: Hitting the books

The Timewatch Wreckers series reaches the edit stage.

Article
OU on the BBC: Built In Britain - Episode One Copyrighted image Icon Copyright: BBC article icon

TV, Radio & Events 

OU on the BBC: Built In Britain - Episode One

In the first of two programmes, Evan Davis gets access to some hidden parts of Britain to explore our infrastucture.

Article
OU on the BBC: Chinese School - Programme 2: Young pioneers Copyrighted image Icon Copyright: Production team article icon

TV, Radio & Events 

OU on the BBC: Chinese School - Programme 2: Young pioneers

The second episode of Chinese School explores themes of exam pressure, the one child policy, new entrepreneurialism, pollution and the legacy of the rule of Chairman Mao.

Article
OU on the BBC: Eurofighter - About The Programme Copyrighted image Icon Copyright: Used with permission article icon

TV, Radio & Events 

OU on the BBC: Eurofighter - About The Programme

There have been many twists and turns in the journey of the Eurofighter, the most expensive European defence project ever.

Article