☰

Business & Money

Economic History

Keynes Hayek: The Clash that Defined Modern Economics

Keynes Hayek: The Clash that Defined Modern Economics

â€œI defy anybodyâ€•Keynesian, Hayekian, or uncommittedâ€•to read [Wapshottâ€™s] work and not learn something new.â€â€•John Cassidy, The New Yorker
As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision.

From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.
Country USA
Brand W. W. Norton & Company
Manufacturer W. W. Norton & Company
Binding Paperback
ItemPartNumber 0393343634_used
ReleaseDate 2012-09-10
UnitCount 1
EANs 9780393343632

You might also like...

The Essential Keynes

The Essential Keynes

The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money

The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2)

The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2)

Capitalism and Freedom: Fortieth Anniversary Edition

Capitalism and Freedom: Fortieth Anniversary Edition

The General Theory of Employment, Interest and Money: With the Economic Consequences of the Peace (Classics of World Literature)

The General Theory of Employment, Interest and Money: With the Economic Consequences of the Peace (Classics of World Literature)

The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek)

The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek)

New Ideas from Dead Economists: An Introduction to Modern Economic Thought

New Ideas from Dead Economists: An Introduction to Modern Economic Thought

The Constitution of Liberty: The Definitive Edition (The Collected Works of F. A. Hayek)

The Constitution of Liberty: The Definitive Edition (The Collected Works of F. A. Hayek)

Free to Choose: A Personal Statement

Free to Choose: A Personal Statement