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- 2011029032 abstract "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.".
- 2011029032 contributor B12133821.
- 2011029032 created "c2011.".
- 2011029032 date "2011".
- 2011029032 date "c2011.".
- 2011029032 dateCopyrighted "c2011.".
- 2011029032 description "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.".
- 2011029032 description "Includes bibliographical references and index.".
- 2011029032 extent "xiv, 382 p. ;".
- 2011029032 identifier "0393077489 (hardcover)".
- 2011029032 identifier "9780393077483 (hardcover)".
- 2011029032 issued "2011".
- 2011029032 issued "c2011.".
- 2011029032 language "eng".
- 2011029032 publisher "New York : W.W. Norton & Co.,".
- 2011029032 subject "330.15/6 23".
- 2011029032 subject "Economists.".
- 2011029032 subject "Free enterprise.".
- 2011029032 subject "HB95 .W25 2011".
- 2011029032 subject "Hayek, Friedrich A. von (Friedrich August), 1899-1992.".
- 2011029032 subject "Keynes, John Maynard, 1883-1946.".
- 2011029032 subject "Subsidies.".
- 2011029032 title "Keynes Hayek : the clash that defined modern economics / Nicholas Wapshott.".
- 2011029032 type "text".