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Keynes/Hayek

The Clash That Defined Modern Economics

Nicholas Wapshott

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Scribe Publications
24 September 2014
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. 'Beguilingly written, well researched, and cleverly argued.' John Edwards, The Weekend Australian
By:   Nicholas Wapshott
Imprint:   Scribe Publications
Country of Publication:   Australia
Dimensions:   Height: 201mm,  Width: 130mm,  Spine: 29mm
Weight:   380g
ISBN:   9781925106299
ISBN 10:   1925106292
Publication Date:   24 September 2014
Audience:   General/trade ,  College/higher education ,  ELT Advanced ,  Primary
Format:   Paperback
Publisher's Status:   Active

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