Capitalism Season 1 Episode 5 Keynes vs Hayek, a Fake Debate? ( Air Date 2014-10-28 ) Genre Documentary category. Overview "The ideological divide between the philosophies of John Maynard Keynes and Friedrich Hayek has dominated economics for nearly a century. Is it time for the pendulum to swing back to Keynes? Or do we need a whole new approach that goes beyond this dualism?".