Keynes Hayek: The Clash That Defined Modern Economics

Keynes Hayek: The Clash That Defined Modern Economics

3.7 9
by Nicholas Wapshott
     
 

ISBN-10: 0393077489

ISBN-13: 9780393077483

Pub. Date: 10/11/2011

Publisher: Norton, W. W. & Company, Inc.

Can government fix a broken economy? Two great economists disagreed eighty years ago, and their debate dominates politics to this day.
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

…  See more details below

Overview

Can government fix a broken economy? Two great economists disagreed eighty years ago, and their debate dominates politics to this day.
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.

Read More

Product Details

ISBN-13:
9780393077483
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
10/11/2011
Pages:
352
Sales rank:
554,234
Product dimensions:
6.50(w) x 9.10(h) x 1.50(d)

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >