Keynes Hayek The Clash That Defined Modern Economics

Name: Keynes Hayek The Clash That Defined Modern Economics
Availability: InStock
ISBN: 9780393343632

ISBN-10: 0393343634

ISBN-13: 9780393343632

Edition: 2012

Authors: Nicholas Wapshott

List price: $18.95

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Description:

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…

Book details

List price: $18.95
Copyright year: 2012
Publisher: W. W. Norton & Company, Incorporated
Publication date: 9/10/2012
Binding: Paperback
Pages: 400
Size: 6.69" wide x 8.27" long x 1.01" tall
Weight: 0.682
Language: English

Nicholas Wapshott is the author of Keynes Hayek: The Clash That Defined Modern Economics and Ronald Reagan and Margaret Thatcher: A Political Marriage. A former senior editor at the London Times and the New York Sun, he is now international editor at Newsweek. He lives in New York City.



Preface



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



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 Chapter 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-Pï¿½lerin 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


Acknowledgments


Notes


Selected Bibliography


Index