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Keynes/Hayek

the clash that defined modern economics
Nicholas Wapshott

‘I defy anybody — Keynesian, Hayekian, or uncommitted — to read [Wapshott’s] work and not learn something new.’

John Cassidy, The New Yorker

‘With balance, understanding and clarity, Nicholas Wapshott, a New York-based English journalist and biographer, re-creates the duel between Keynes and Heyek … [T]his book is beguilingly written, well researched and cleverly argued.’

John Edwards, Weekend Australian

‘This book gives a fascinating account of the lives of the two men, the evolution of their ideas and why the debate between them is important today.’

Bruce Rennie, Dominion Post Weekend

Can government fix a broken economy? Two great economists disagreed 80 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.

‘I defy anybody — Keynesian, Hayekian, or uncommitted — to read [Wapshott’s] work and not learn something new.’

John Cassidy, The New Yorker

‘With balance, understanding and clarity, Nicholas Wapshott, a New York-based English journalist and biographer, re-creates the duel between Keynes and Heyek … [T]his book is beguilingly written, well researched and cleverly argued.’

John Edwards, Weekend Australian

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Details

Format:Paperback

Size: 198mm × 128mm

Extent:400pp

ISBN (13):9781925106299

RRP:$24.99

Pub date:29 Sep 2014

Rights Held: ANZ

High-res cover:Download Image

AWARDS

CATEGORIES / tags

Economic history POLITICAL SCIENCE / General Politics & government Economic systems & structures Economic theory & philosophy BUSINESS & ECONOMICS / Economic History BUSINESS & ECONOMICS / Economics / Theory

AUTHOR

Nicholas Wapshott

Nicholas Wapshott is a prominent British journalist and writer. He was a former senior editor at The Times of London and The New York Sun, as well as the founding editor of The Times Magazine. He is a Reuters contributing columnist and a regular broadcaster on MSNBC, PBS, and FOX News. Wapshott has written a number of biographies, including those of Margaret Thatcher and Carol Reed. He lives in New York.

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