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Full Description
Now in paperback, this is a clear historical account of the works of the two great totems of modern economic thought: Friedrich Hayek and John Maynard Keynes. Thomas Hoerber explains the historical context in which Hayek's The Road to Serfdom and Keynes's The General Theory of Employment, Interest and Money 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. The book also illustrates how classical economic theory as well as a qualitative method can enlighten our understanding of the present economic environment. Hayek vs Keynes places the two great economic thinkers of the twentieth century in their historical context, and asks what we can learn from their work today.
Contents
Introduction
1 From the Eighteenth to the Twentieth Century: Momentous Change and Stable
Elements
2 Hayek's Road to Liberty
3 Information and Planning
4 Keynes's General Theory
5 Man is Not the Master of His Own Fate: Misguided Socialist Idealism
6 Liberal Polemic, or, the Threat of National Socialism
7 The Necessity of Planning
8 Liberty and Totalitarianism
