Hayek vs Keynes
Subtitle: a battle of ideas
By: Thomas Hoerber
Publisher: Reaktion Books
Published: 2017
Language: eng
Number of pages: 159
ISBN-13: 9781780237305
Subjects: Austrian school of economics; Keynesian economics
Other titles: Hayek versus Keynes
Description: Hayek vs Keynes: A Battle of Ideas offers a clear historical account of the works of the two great totems of modern economic thought: Friedrich Hayek and John Maynard Keynes. Hayek's The Road to Serfdom and Keynes's The General Theory of Employment, Interest and Money were written against a background of devastation following the First World War. Thomas Hoerber explains the historical context in which the books were written and shows how lessons can be drawn for current economic and political phenomena, such as the recent financial crisis, globalization and European integration. He illustrates how classical economic theory as well as a qualitative method in economics can enlighten our understanding of the present economic environment. With a broad European perspective, this book places the two great economic thinkers of the twentieth century in their historical context, and asks what we can learn from their work today.--
Notes: Includes bibliographical references (pages 147-153) and index.
Table of contents: title: From the eighteenth to the twentieth century : momentous change and stable elements; title: Hayek's road to liberty; title: Information and planning; title: Keynes's general theory; title: Man is not the master of his own fate : misguided socialist idealism; title: Liberal polemic, or, the threat of national socialism; title: The necessity of planning; title: Liberty and totalitarianism.