Book

Keynes Hayek : the clash that defined modern economics

Wapshott, Nicholas

Overview

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, Friedrich 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--Publisher.

• Publisher: W.W. Norton
• Subject: Keynes, John Maynard, 1883-1946. / Hayek, Friedrich A. von 1899-1992. / Free enterprise. / Subsidies. / Economics Philosophy.
• ISBN: 9780393343632, 0393343634

Item info:

1 item available

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Holdings :

Call Number	Copies	Material	Location
HB95.W25 2011	1	BOOK	BUSINESS