ZNP-TBA
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ZNP's convoluted analysis of two economic theories and it's relation to the INTJ vs INTP personality type. Keynes(NTJ) vs Hayek(NTP).
But first two entertaining videos illustrating the difference between the NTJ and NTP mindset:
First I just want to say that an (I)NTJ or (I)NTP isn't determined to favor either of these systems but rather this is a combination of economic information and personality analysis by seeing how Keynes & Hayek represent their respective points. The actors in these videos draw directly from the real-life personalities and writings from the two economists.
Let's examine the lyrics from each type and see how this relates to functions:
The hook:
[Keynes] I want to steer markets,
[Hayek] I want them set free
There’s a boom and bust cycle and good reason to fear it
Blame low interest rates
[Keynes] No… it’s the animal spirits
Even in the hook we see the NTJ vs NTP difference.
Keynes shows a Te preference by wanting to DO something in order to achieve a result he predicts (steer markets) and attributes the reason to being 'animal spirits' (This is typically referred to as Bear and Bull market which is directly attributable to Keynes). The 'animal spirits' isn't literal of obviously but a manifestation of Keynes' Ni making symbolic associations. The 'bull' and the 'bear' 'animal spirits' symbolize the market's 'primal nature' that needs to be brought under control ( again, the NTJ drive to control their environment) by 'steering' the market.
Conversely, Hayek shows a Ti preference by letting markets be 'free' so he can analyze their dynamics as they naturally unfold (Ti-Ne) and attributes his understanding to a THEORY of boom and bust driven by low interest rates ( a logical deduction based on the principles of the theory). Hayek (NTP) believed market principles were sound if left on their own. NTPs don't necessarily have a desire to manipulate the environment but rather observe it and draw conclusions based on (logical) principles derived from those observations.
Interesting to note is the antagonism to the thinking style between Ti-Fe vs. Te-Fi. Both take fun pot shots at each other
If you listen to the lyrics and read them it's clear that functions are at work here.
John Papola and Russ Roberts – Fear the Boom and Bust (Hayek vs. Keynes) Lyrics | Genius
John Papola – Fight of the Century: Keynes vs. Hayek Round Two Lyrics | Genius
But first two entertaining videos illustrating the difference between the NTJ and NTP mindset:
First I just want to say that an (I)NTJ or (I)NTP isn't determined to favor either of these systems but rather this is a combination of economic information and personality analysis by seeing how Keynes & Hayek represent their respective points. The actors in these videos draw directly from the real-life personalities and writings from the two economists.
Let's examine the lyrics from each type and see how this relates to functions:
The hook:
[Keynes] I want to steer markets,
[Hayek] I want them set free
There’s a boom and bust cycle and good reason to fear it
Blame low interest rates
[Keynes] No… it’s the animal spirits
Even in the hook we see the NTJ vs NTP difference.
Keynes shows a Te preference by wanting to DO something in order to achieve a result he predicts (steer markets) and attributes the reason to being 'animal spirits' (This is typically referred to as Bear and Bull market which is directly attributable to Keynes). The 'animal spirits' isn't literal of obviously but a manifestation of Keynes' Ni making symbolic associations. The 'bull' and the 'bear' 'animal spirits' symbolize the market's 'primal nature' that needs to be brought under control ( again, the NTJ drive to control their environment) by 'steering' the market.
Conversely, Hayek shows a Ti preference by letting markets be 'free' so he can analyze their dynamics as they naturally unfold (Ti-Ne) and attributes his understanding to a THEORY of boom and bust driven by low interest rates ( a logical deduction based on the principles of the theory). Hayek (NTP) believed market principles were sound if left on their own. NTPs don't necessarily have a desire to manipulate the environment but rather observe it and draw conclusions based on (logical) principles derived from those observations.
Interesting to note is the antagonism to the thinking style between Ti-Fe vs. Te-Fi. Both take fun pot shots at each other
If you listen to the lyrics and read them it's clear that functions are at work here.
John Papola and Russ Roberts – Fear the Boom and Bust (Hayek vs. Keynes) Lyrics | Genius
John Papola – Fight of the Century: Keynes vs. Hayek Round Two Lyrics | Genius