03939cam a22004934a 4500 109683 BJBSDDR 20260223122316.0 ta 110718s2011 nyu b 001 0 eng 2011029032 015855675 Uk 9780393077483 (hardcover) 0393077489 (hardcover) 16877499 (OCoLC)ocn706023485 DLC DLC YDX BTCTA YDXCP UKMGB IAD IK2 ABG BUR BWX VP@ CDX COO PUL DLC eng eng pcc HB 95 W252k 2011 330.15/6 Wapshott, Nicholas, 1952- 47057 Keynes Hayek : the clash that defined modern economics / Nicholas Wapshott. 1st ed. New York : W.W. Norton & Co., c2011. xiv, 382 pages ; 25 cm. Norton paperback Includes bibliographical references and index. 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 : Hayek harshly reviews Keynes's "Treatise," 1931 -- 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-Páelerin 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. 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, 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.--Publisher description. Keynes, John Maynard, 1883-1946. Hayek, Friedrich A. von (Friedrich August), 1899-1992. Keynes, John Maynard, 1883-1946 Crítica e interpretación 16251 Hayek, Friedrich A. Von (Friedrich August), 1899-1992 Crítica e interpretación 47189 Free enterprise. Subsidies. Economists. Libre empresa 6701 Subsidios 40204 Economistas 2368 Norton paperback 47188 lcc BK YSL 36147 36147 0 0 lcc 0 0 CS BJB BJB CS 2023-04-10 0 HB 95 W252k 2011 00000103646 2018-10-24 00:00:00 1 2018-10-24 BK