Keynes Hayek: The Clash that Defined Modern Economics

Business & Finance, Economics, Economic History
Cover of the book Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott, W. W. Norton & Company
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nicholas Wapshott ISBN: 9780393083118
Publisher: W. W. Norton & Company Publication: October 11, 2011
Imprint: W. W. Norton & Company Language: English
Author: Nicholas Wapshott
ISBN: 9780393083118
Publisher: W. W. Norton & Company
Publication: October 11, 2011
Imprint: W. W. Norton & Company
Language: English

“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker

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.

More books from W. W. Norton & Company

Cover of the book We Wanted Workers: Unraveling the Immigration Narrative by Nicholas Wapshott
Cover of the book Surviving Survival: The Art and Science of Resilience by Nicholas Wapshott
Cover of the book The Golden Ocean by Nicholas Wapshott
Cover of the book Flash Boys: A Wall Street Revolt by Nicholas Wapshott
Cover of the book Chiefs: A Novel (25th Anniversary Edition) by Nicholas Wapshott
Cover of the book Inferno: A New Verse Translation by Nicholas Wapshott
Cover of the book How to Lie with Statistics by Nicholas Wapshott
Cover of the book Firebreaks: Poems by Nicholas Wapshott
Cover of the book The Immortal Evening: A Legendary Dinner with Keats, Wordsworth, and Lamb by Nicholas Wapshott
Cover of the book The Few and the Proud: Marine Corps Drill Instructors in Their Own Words by Nicholas Wapshott
Cover of the book Bride of New France: A Novel by Nicholas Wapshott
Cover of the book Between Salt Water and Holy Water: A History of Southern Italy by Nicholas Wapshott
Cover of the book Wherever You Go: A Novel by Nicholas Wapshott
Cover of the book 8 Keys to End Bullying: Strategies for Parents & Schools (8 Keys to Mental Health) by Nicholas Wapshott
Cover of the book The Courage to Love: Principles and Practices of Self-Relations Psychotherapy by Nicholas Wapshott
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy