Star Wars Sale
 
 

Special Offers see all

Enter to WIN!

Weekly drawing for $100 credit. Subscribe to PowellsBooks.news for a chance to win.
Privacy Policy

More at Powell's


Recently Viewed clear list


Original Essays | June 20, 2014

Lauren Owen: IMG The Other Vampire



It's a wild and thundery night. Inside a ramshackle old manor house, a beautiful young girl lies asleep in bed. At the window, a figure watches... Continue »
  1. $18.90 Sale Hardcover add to wish list

    The Quick

    Lauren Owen 9780812993271

spacer
Qualifying orders ship free.
$14.95
New Trade Paper
Ships in 1 to 3 days
Add to Wishlist
available for shipping or prepaid pickup only
Qty Store Section
8 Local Warehouse Economics- General

More copies of this ISBN

Contra Keynes and Cambridge: Essays, Correspondence (Collected Works of F.A. Hayek)

by

Contra Keynes and Cambridge: Essays, Correspondence (Collected Works of F.A. Hayek) Cover

 

Synopses & Reviews

Publisher Comments:

In 1931, when the young F. A. Hayek challenged the economic theories of John Maynard Keynes, sixteen years his senior, and one of the world's leading economists, he sparked a spirited debate that would influence economic policy in democratic countries for decades. Their extensive exchange lasted until Keynes's death in 1946, and is reprinted in its entirety in this latest volume of The Collected Works of F. A. Hayek,

When the journal Economica published a review of Keynes's Treatise on Money by Hayek in 1931, Keynes's response consisted principlally of an attack on Hayek's own work on monetary theory, Prices and Production. Conducted almost entirely in economics journals, the battle that followed revealed two very different responses to a world in economic crisis. Keynes sought a revision of the liberal political order--arguing for greater government intervention in the hope of protecting against the painful fluctuations of the business cycle. Hayek instead warned that state involvement would cause irreparable damage to the economy.

This volume begins with Hayek's 1963 reminiscence The Economics of the 1930s as Seen from London, which has never been published before. The articles, letters, and reviews from journals published in the 1930s are followed by Hayek's later reflections on Keynes's work and influence. The Introduction by Bruce Caldwell puts the debate in context, providing detailed information about the economists in Keynes's circle at Cambridge, their role in the acceptance of his ideas, and the ways in which theory affected policy during the interwar period.

Caldwell calls the debate between Hayek and Keynes a battle for the minds of the risinggeneration of British-trained economists. There is no doubt that Keynes won the battle during his lifetime. Now, when many of Hayek's ideas have been vindicated by the collapse of collectivist economies and the revival of the free market around the world, this book clarifies Hayek's work on monetary theory--formed in heated opposition to Keynes--and illuminates his efforts to fight protectionism in an age of economic crisis.

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of classical liberal thought in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.

Book News Annotation:

The University of Chicago Press produced a complete collection of work by Austrian economist Hayek (1899-1992) during the 1990s, and Liberty Fund is reprinting the volumes in paper editions. Comprising volume nine of that series, the 13 essays and letters here reflect his arrival at the London School of Economics and Political Science, his exchanges with rival economists J. M. Keynes and Piero Sraffa, and essays on his personal and professional views of Keynes. Among the topics are the economics of the 1930s as seen from London, his reflection on Keynes' Pure Theory of Money and Keynes' reply, Sraffa's Dr. Hayek on Money and Capital and Hayek's reply, and an Austrian critique of the Keynes centenary. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Contra Keynes and Cambridge is composed of three parts:  Part I consists of two essays, the first being a recollection by Hayek of his time at the London School of Economics in the 1930s, followed by his contribution to an early debate about the paradox of saving; Part II reprints the full debates between Hayek and Keynes in Economica in the early 1930s, and Hayek's exchanges with Sraffa that followed; Part III includes some of Hayek's reminiscences on Keynes. F. A. Hayek challenged one of the world's leading economists, John Maynard Keynes, and his economic theories, which sparked a spirited debate that has influenced economic policy in democractic countries for decades.

F. A. Hayek (1899–1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedom in 1991 and was one of the leading Austrian economists and political philosophers of the twentieth century.

Bruce Caldwell is Professor of Economics and the Director of the Center for the History of Political Economy at Duke University. He is the current General Editor of The Collected Works of F. A. Hayek.

 

Table of Contents

Editorial Foreword ix

Introduction 1

PART I. HAYEK COMES TO THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE

One

The Economics of the 1930s as Seen from London 49

Addendum:  Edwin Cannan 64

Two

The "Paradox" of Saving 74

PART II. HAYEK'S EXCHANGES WITH KEYNES AND SRAFFA

Three

Reflections on the Pure Theory of Money of Mr. J. M. Keynes 121

Four

The Pure Theory of Money:  A Reply to Dr. Hayek, by J. M. Keynes 147

Five

A Rejoinder to Mr. Keynes 159

Addendum:  The Early Hayek-Keynes Correspondence 164

Six

Reflections on the Pure Theory of Money of Mr. J. M. Keynes (continued) 174

Seven

Dr. Hayek on Money and Capital, by Piero Sraffa 198

Eight

Money and Capital: A Reply 210

Nine

A Rejoinder, by Piero Sraffa 223

PART III. ESSAYS ON KEYNES

Ten

Review of Harrod's Life of J. M. Keynes 227

Addendum:  Review of Sir William Beveridge, Full Employment in a Free Society 233

Eleven

Symposium on Keynes: Why? 237

Twelve

Personal Recollections of Keynes and the 'Keynesian Revolution' 240

Thirteen

The Keynes Centenary:  The Austrian Critique 247

Editor's Acknowledgements 257

Index 259

Product Details

ISBN:
9780865977440
Author:
Hayek, Friedrich A. Von
Publisher:
Liberty Fund
Editor:
Caldwell, Bruce
Author:
Hayek, F. A.
Subject:
Economic History
Subject:
Keynesian economics
Subject:
Keynes, John Maynard
Subject:
Economics - Theory
Subject:
Economics - General
Edition Description:
New Edition
Series:
Collected Works of F. A. Hayek
Publication Date:
20090731
Binding:
TRADE PAPER
Grade Level:
from 12
Language:
English
Illustrations:
Y
Pages:
281
Dimensions:
9 x 6 in
Age Level:
17-UP

Other books you might like

  1. Law and Literature Used Trade Paper $15.00
  2. Home Book: The Ultimate Guide to... Used Hardcover $12.50
  3. The Politics of Postmodernism (New... Used Trade Paper $7.95
  4. Opening the Hand of Thought:... Used Trade Paper $8.50
  5. Clinton in Exile: A President Out of... Used Hardcover $4.95
  6. Primitive Christianity in Its Contempora Used Trade Paper $4.95

Related Subjects

Business » History and Biographies
Engineering » Communications » Telephony
Health and Self-Help » Health and Medicine » Medical Specialties
History and Social Science » Economics » General
History and Social Science » Politics » General
Sports and Outdoors » Outdoors » Fishing and Hunting » Fishing » General

Contra Keynes and Cambridge: Essays, Correspondence (Collected Works of F.A. Hayek) New Trade Paper
0 stars - 0 reviews
$14.95 In Stock
Product details 281 pages Liberty Fund - English 9780865977440 Reviews:
"Synopsis" by ,
Contra Keynes and Cambridge is composed of three parts:  Part I consists of two essays, the first being a recollection by Hayek of his time at the London School of Economics in the 1930s, followed by his contribution to an early debate about the paradox of saving; Part II reprints the full debates between Hayek and Keynes in Economica in the early 1930s, and Hayek's exchanges with Sraffa that followed; Part III includes some of Hayek's reminiscences on Keynes. F. A. Hayek challenged one of the world's leading economists, John Maynard Keynes, and his economic theories, which sparked a spirited debate that has influenced economic policy in democractic countries for decades.

F. A. Hayek (1899–1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedom in 1991 and was one of the leading Austrian economists and political philosophers of the twentieth century.

Bruce Caldwell is Professor of Economics and the Director of the Center for the History of Political Economy at Duke University. He is the current General Editor of The Collected Works of F. A. Hayek.

 

spacer
spacer
  • back to top
Follow us on...




Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.