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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 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.
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.
Though you may know Nicholas Wapshott from the popular audiobooks Keynes Hayek: The Clash That Defined Modern Economics and Ronald Reagan and Margaret Thatcher: A Political Marriage, Wapshott is actually one of the most renowned Nonfiction and Bios & Memoirs authors in our catalog. In total, we carry 2 audiobooks from Wapshott on AudioBookStore.com, with the latest Nonfiction title being: Keynes Hayek: The Clash That Defined Modern Economics. Ronald Reagan and Margaret Thatcher: A Political Marriage was added to our catalog in 2007, making it the author's oldest audiobook available on our website, while Keynes Hayek: The Clash That Defined Modern Economics is the most popular and bestselling audiobook from Wapshott. Enjoy over 23 hours of audiobook listening from Wapshott, among the 2 audiobooks we have available. With such a wide variety of audiobooks, we know you're sure to enjoy Nonfiction books from Nicholas Wapshott. For more audiobooks and information on Nicholas Wapshott, please visit his page on AudiobookStore.com: Nicholas Wapshott audiobooks.