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- DescriptionAs the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to ecomies gone awry. John Maynard Keynes, the mercurial Cambridge ecomist, believed that government had a duty to spend when others would t. He met his opposite in a little-kwn Austrian ecomics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian ecomics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative ecomists 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.
- Author BiographyNicholas 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.
- Author(s)Nicholas Wapshott
- PublisherWW Norton & Co
- Date of Publication24/08/2012
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintWW Norton & Co
- Weight310 g
- Width140 mm
- Height211 mm
- Spine25 mm
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