Keynes Hayek: The Clash That Defined Modern Economics

Nicholas Wapshott

Nov 2011 · Tantor Media Inc · Narrated by Gildart Jackson

About this audiobook

As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore the 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.

About the author

Nicholas Wapshott is an editor at the New York Sun and the former New York bureau chief for the Times of London.

With acting credits that span stage and screen, Gildart Jackson is most often recognized for his role as Gideon on Charmed. He has also been featured on Providence and General Hospital, and his theater roles include Trigorin in The Seagull, Henry Higgins in My Fair Lady, and Adrian in Private Eyes at the Old Globe.