The author of Keynes and Hayek: The Clash That Defined Modern Economics is interviewed today by the New York Sun. The interview confirms my sense from what I’ve read so far. The book provides an interesting account of the personalities and politics involved in the great debate. But it goes overboard in trying not to declare a winner in an intellectual sense. The author even seems to believe that the winner in the great clash can and should be decided by political democracy – in which case, Keynes certainly does win. I’ve enjoyed what I’ve read but found it frustrating too. It would take a detailed review to discover all the facts and analysis left out in order that the author can viably maintain his even handedness.
Source link: http://archive.mises.org/18662/the-great-clash/
The Great Clash
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Two things are happening. 1. The country is experiencing a sort of enlightenment period spurred on by newly found access to information and a voice online. With the advent of the Internet people have the means to think for themselves like never before. 2. We are watching the collapse of Keynesian ideas in practice. If there ever was a time Hayek had a shot wining democratically, now would be it. But, I am a confessed dreamer. It sounds like an interesting read. Thanks.
It’s not a fair contest. If the question is whether the State should be in charge of controlling the course of trillions of dollars, the statists will say yes.
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