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Original Essays | August 20, 2014

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Keynes Hayek: The Clash That Defined Modern Economics

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Keynes Hayek: The Clash That Defined Modern Economics Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

"I defy anybody--Keynesian, Hayekian, or uncommitted--to read [Wapshott's] work and not learn something new."--John Cassidy, The New Yorker

About the Author

Nicholas Wapshott is a journalist and the author of Ronald Reagan and Margaret Thatcher: A Political Marriage. A former senior editor at The Times of London and the New York Sun, he lives in New York.

Product Details

ISBN:
9780393343632
Author:
Wapshott, Nicholas
Publisher:
W. W. Norton & Company
Subject:
Economic History
Subject:
Economics - General
Publication Date:
20120931
Binding:
TRADE PAPER
Language:
English
Pages:
400
Dimensions:
8.25 x 5.5 in

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Keynes Hayek: The Clash That Defined Modern Economics New Trade Paper
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Product details 400 pages W. W. Norton & Company - English 9780393343632 Reviews:
"Synopsis" by , "I defy anybody--Keynesian, Hayekian, or uncommitted--to read [Wapshott's] work and not learn something new."--John Cassidy, The New Yorker
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