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Keynes/Hayek: The Clash That Defined Modern Economics

Keynes/Hayek: The Clash That Defined Modern Economics (Paperback)

By Wapshott, Nicholas

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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 about 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 disputes between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s. This is no mere academic debate - with the world economy teetering, the stakes are very high for all of us.
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ISBN 9781925106299
Published AU 24 Sep 2014
Publisher Scribe Publications
Format Paperback
Alternate Format(s) View All (1 other possible title(s) available)
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Full details for this title

ISBN-13 9781925106299
Stock Available
Status In stock at publisher; ships 6-12 working days
Publisher Scribe Publications
Imprint Scribe Publications
Published 24 Sep 2014
Publication Country Australia Australia
Format Paperback
Author(s) By Wapshott, Nicholas
Category Economic History
Economics
Political Economy
Australian
Number of Pages 400
Dimensions Width: 130mm
Height: 201mm
Spine: 29mm
Dewey Code Not specified
Weight 380g
Interest Age General Audience
Reading Age General Audience
NBS Text Economics: Professional & General
ONIX Text General/trade;College/higher education

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