Provides a history of the diverging economic viewpoints that emerged after the 1929 stock market crash, one from Cambridge economist John Maynard Keynes, the other from Austrian economics professor Freidrich Hayak and discusses their relevance on today's economic situation. 15,000 first printing.
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...
G. R. Steele picks apart this debate and argues persuasively that Hayek's outlook will prove to be the more enduring.
In this book, Thomas Hörber offers a clear historical account of the work of these two great figures of modern economic thought.
This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought.
First published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.
Please note: This is a companion version & not the original book.
Similar in age, colleagues in academic life, and participants in the century's defining political events, the story of Keynes, Laski, and Hayek is also the story of how we in the west came to define politics as the choice between government ...
Carter's approval rating in the polls continued to slide.2 Samuelson thought Carter had wished the bad economic news on himself. If he was to stand any chance of being reelected, the president needed to do something dramatic to break ...
This work examines the Hayek-Keynes debate on business cycle theory and argues that the key issues at the heart of the controversy in the areas of money, interest and capital theory are much neglected in current macroeconomic modelling.
Joseph A. Blasi, Maya Kroumova, and Douglas Kruse, Kremlin Capitalism: Privatizing the Russian Economy (Ithaca, N.Y.: Cornell University Press, 1997), pp. 2, 26, 167, 178; Financial Times, September 17, 1997; Alessandra Stanley, ...