Keynes hayek: the clash that defined modern economics

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Publisher:
Tantor Audio ,
Pub. Date:
2011.
Edition:
Unabridged.
Language:
English
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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ISBN:
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 2017-11-15 01:54:01AM

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auth_author2 Jackson, Gildart.
author Wapshott, Nicholas.
author2-role Jackson, Gildart.|Narrator, hoopla digital.
author_display Wapshott, Nicholas
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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subject_facet Economists, Free enterprise, Hayek, Friedrich A. von -- (Friedrich August), -- 1899-1992, Keynes, John Maynard, -- 1883-1946, Subsidies
title_display Keynes hayek : the clash that defined modern economics
title_full Keynes hayek : the clash that defined modern economics [electronic resource] / Nicholas Wapshott
title_short Keynes hayek :
title_sub the clash that defined modern economics
topic_facet Economists, Free enterprise, Hayek, Friedrich A. von, Keynes, John Maynard, Subsidies