Hayek vs Keynes

Now in paperback, this is a clear historical account of the works of the two great totems of modern economic thought: Friedrich Hayek and John Maynard Keynes. Thomas Hoerber explains the historical context in which Hayek's The Road to Serfdom and Keynes's The General Theory of Employment, Interest and Money were written, and shows how lessons can be drawn for current economic and political phenomena such as the recent financial crisis, globalisation, and European integration.

The book also illustrates how classical economic theory as well as a qualitative method can enlighten our understanding of the present economic environment. Hayek vs Keynes places the two great economic thinkers of the twentieth century in their historical context, and asks what we can learn from their work today.

Thomas Hoerber's analysis of these two giants of the history of economics makes us reflect on the crisis of our own time as much as on the world they inhabited. – Martin Daunton, Emeritus Professor of Economic History, University of Cambridge