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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:

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.

Product Details

ISBN:
9780393083118
Publisher:
W. W. Norton & Company
Subject:
Business & Economics : Economic History
Author:
Wapshott, Nicholas
Subject:
Business & Economics : Economics - Theory
Publication Date:
October 2011
Binding:
eBooks
Language:
English
Pages:
400

Related Subjects

Biography » Social Scientists and Psychologists
Business » Accounting and Finance
Business » General
Business » History and Biographies
History and Social Science » Economics » General

Keynes Hayek: The Clash That Defined Modern Economics
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Product details 400 pages W. W. Norton - English 9780393083118 Reviews:
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