Keynes Hayek: the clash that defined modern economics

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2011.
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English
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As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore the 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 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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9780393077483
9781452624938
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Grouped Work ID b9d8b6a4-cefa-5700-aa79-d54f366a185e
full_title keynes hayek the clash that defined modern economics
author wapshott nicholas
grouping_category book
lastUpdate 2017-06-03 04:44:47AM

Solr Details

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author Wapshott, Nicholas.
author-letter Wapshott, Nicholas.
author2 Jackson, Gildart., hoopla digital.
author2-role Jackson, Gildart.|Narrator, hoopla digital.
author_additional Nicholas Wapshott.
author_display Wapshott, Nicholas
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bisac_subject BUSINESS & ECONOMICS / Economics / Theory, Business & Economics / Economic History
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callnumber-first H - Social Science
callnumber-subject HB - Economic Theory and Demography
callnumber_sort_catalog BUSINESS
date_added 2011-07-18T06:00:00Z
days_since_added 2221
detailed_location_catalog Commerce City - Adult Nonfiction
display_description As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore the 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 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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edition 1st ed., Unabridged.
era 1883-1946, 1899-1992
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physical 1 online resource (1 audio file (11hr., 30 min.)) : digital., xiv, 382 p. ; 25 cm.
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publishDate 2011
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subject_facet BUSINESS & ECONOMICS / Economics / Theory, Business & Economics / Economic History, Economists, Free enterprise, Hayek, Friedrich A. von -- (Friedrich August), -- 1899-1992, Keynes, John Maynard, -- 1883-1946, Subsidies
table_of_contents The glamorous hero : how Keynes became Hayek's idol, 1919/27 -- End of empire : Hayek experiences hyperinflation firsthand, 1919/24 -- The battle lines are drawn : Keynes denies the "natural" order of economics, 1923/29 -- Stanley and Livingstone : Keynes and Hayek meet for the first time, 1928/30 -- The man who shot Liberty Valance : Hayek arrives from Vienna, 1931 -- Pistols at dawn : Hayek harshly reviews Keynes's treatise, 1931 -- Return fire : Keynes and Hayek lock horns, 1931 -- The Italian job : Keynes asks Piero Sraffa to continue the debate, 1932 -- Toward the general theory : the cost-free cure for unemployment, 1932/33 -- Hayek blinks : the general theory invites a response, 1932/36 -- Keynes takes America : Roosevelt and the young New Deal economists, 1936 -- Hopelessly stuck in 6 : Hayek writes his own "general theory," 1936/41 -- The road to nowhere : Hayek links Keynes's remedies to tyranny, 1937/46 -- The wilderness years : Mont Pelerin and Hayek's move to Chicago, 1944/69 -- The age of Keynes : three decades of unrivalled American prosperity, 1946/80 -- Hayek's counterrevolution : Friedman, Goldwater, Thatcher, and Reagan, 1963/88 -- The battle resumed : freshwater and saltwater economists, 1989/2008 -- And the winner is -- : avoiding the great recession, 2008 onward.
target_audience Adult
target_audience_full Adult
title Keynes Hayek : the clash that defined modern economics
title_display Keynes Hayek : the clash that defined modern economics
title_full Keynes Hayek : the clash that defined modern economics / Nicholas Wapshott, Keynes hayek : the clash that defined modern economics [electronic resource] / Nicholas Wapshott
title_short Keynes Hayek :
title_sort keynes hayek the clash that defined modern economics
title_sub the clash that defined modern economics
topic BUSINESS & ECONOMICS / Economics / Theory, Business & Economics / Economic History, Economists, Free enterprise, Hayek, Friedrich A. von (Friedrich August), 1899-1992, Keynes, John Maynard, 1883-1946, Subsidies
topic_facet Economists, Free enterprise, Hayek, Friedrich A. von, Keynes, John Maynard, Subsidies