Keynes Hayek: The Clash That Defined Modern Economics

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9780393343632: Keynes Hayek: The Clash That Defined Modern Economics

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.

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Recensione:

"In Keynes Hayek Nicholas Wapshott sets himself the formidable task of explaining important and abstruse ideas clearly, reliably and entertainingly. He succeeds well." The Times "It [Keynes Hayek] harnesses the author's skills as a journalist in a lucid and accessible introduction to Hayek's work...Again, the author has done his homework in getting on top of the vast literature about Keynes..." The Guardian "...path-breaking account of the long intellectual duel between Friedrich Hayek and Keynes..." New Statesman "Nicholas Wapshott's Keynes Hayek is an ambitious, well-written and enjoyable attempt to grapple with fundamental debates about economic and social organization. It is an entertaining account of the work of two powerful thinkers who made lasting contributions to those debates." Tim Congdon, Times Literary Supplement "He [Wapshott] is an acomplished writer who drives his narrative at a pace and draws judiciously on a crowded shelf of studies of his protagonists and their work...fascinating reading..." The Literary Review "His [Nicholas Wapshott's] account of the origins and early application of the competing theories is readable, intelligent, and even-handed." Reuters "I heartily recommend Nicholas Wapshott's new book, Keynes Hayek: The Clash that Defined Modern Economics... Many books have been written about Keynes, but nobody else has told the story properly of his relationship with Hayek. Nick has filled the gap in splendid fashion, and I defy anybody - Keynesian, Hayekian, or uncommitted - to read his work and not learn something new." John Cassidy, The New Yorker "Wapshott does a good job of explaining the duo's sometimes complex theories...Overall, it's well worth a read." Money Week "...an enjoyable and clear read..." --The Business Economist

L'autore:

A former senior editor at The Times and The New York Sun, Nicholas Wapshott is a journalist and the author of Ronald Reagan and Margaret Thatcher: A Political Marriage.

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Descrizione libro WW Norton Co, United States, 2012. Paperback. Condizione libro: New. Reprint. 208 x 138 mm. Language: English . Brand New Book. 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. Codice libro della libreria LIB9780393343632

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Descrizione libro WW Norton Co, United States, 2012. Paperback. Condizione libro: New. Reprint. 208 x 138 mm. Language: English . Brand New Book. 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. Codice libro della libreria LIB9780393343632

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