The clash between Keynes and Hayek defined modern economics

摘要

Nicholas Wapshott discusses the groundbreaking ideas presented by Freidrich Hayek in response to John Maynard Keynes’s positions on government intervention and the free market. Wapshott argues the debate which started just two years after the stock market crash of 1929, both defined, and still resonates within, present-day economic policymaking.