Keynes Hayek
by Nicholas Wapshott · first published 2011
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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
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…Thatcher and Reagan did anyone bother with monetarism, certainly Paul Volcker didn't. A few chapters on this in Samuelson Friedman by Nicholas Wapshott: * https://wwnorton.com/books/9780393285185 (His book Keynes Hayek is also good.)
on “The Great Inflation” ↗I finished Keynes, Hayek: The Clash that Defined Modern Economics (Nicholas Wapshott), started in 2015. I read: * Turn the Ship Around!: A True Story of Turning Followers into Leaders (David Marquet) * Joy at Work: A Revolutionary…
on “Ask HN: Books you read in 2016?” ↗…irrational fear is really polluting the debate when it comes to defining the economic policies. [1]: scientific evidences are hard to find in Economics, but this particular topic was the point of the Keynes / Hayek controversy during the great depression and, on this particular topic, Keynes proved right.
on “Technical feasibility of regulating public Blockchain explored” ↗…economic history of the twentieth century by J. Bradford Delong. More economic ideas stuff in Value(s): building a better world for all by Mark Carney (ran the Banks of Canada and England). Also Waphsott's Keynes Hayek: the clash that defined modern economics and Samuelson Friedman: the battle over the free market. The currency of politics: the political theory of money from Aristotle to Keynes by Sefan Eich, Money:…
on “Ask HN: Best non-fiction book you read in 2024?” ↗