8 of 11 people found the following review helpful
The giants on the causeway, struggling to chart the best path out of disaster,
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This review is from: Keynes Hayek: The Clash That Defined Modern Economics (Hardcover)
Keynes and Hayek got to know each other well, and had many of the most
basic ideas about economics in common. How they argued and failed to
resolve their differences is a tale well told by this skilled storyteller.
I couldn't put it down, not many books about economics have that effect, except perhaps on economists! The book also bridges the gap between academic economic thought, and it's application by politicians in desperate times.
There is a vast cast of characters involved in both men's lives, most
especially in Keynes, who was part of fashionable literary and artistic cliques, whose investments he looked after, which allowed them to be free from the constraints of earning a living.
I felt in the end enormous respect for both Keynes and Hayek as men, and for their professional commitment and courage, both in their working and in their personal lives.
Don't look at the ending, it will have much more punch if you wait till you get there.
Is the conclusion justified? Well, that's your call.
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Initial post: 29 Apr 2012 19:15:47 BDT
Rob Julian says:
John Maynard Keynes made a very interesting radio broadcast on the subject of free trade and protectionism called; "Pros and Cons of Tariffs". Back then tariffs were a big issue, and what Keynes had to say was characteristically insightful. If you are interested in reading most of this 1932 BBC broadcast, (approx 1000 words) please follow this link and find it written in my Amazon book review.Competition Friendly Protectionism - How a Certain Kind of Protectionism Could Temper and Improve Globalisation
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