November 17th 2018


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Articles from this issue:

COVER STORY An election-winning policy: a development bank for Australia

VICTORIAN ELECTION The left gets ready to scream 'haters!'

CANBERRA OBSERVED Nats fracas points up need for vigilance

NATIONAL AFFAIRS Divisions undermine Morrison's leadership

SOCIETY UNDER THREAT The time is now for a real deal for the family

NCC SYDNEY DINNER Speakers spark keenness for a challenging 2019

NORTHERN DEVELOPMENT Aborigines hope to benefit in Kimberley development

CLIMATE CHANGE Rising sea levels? Pacific island data says 'no'

ROYAL COMMISSION Big banks shaken and stirred in their swamp

U.S. HISTORY Slavery: a yet unresolved legacy

INTERNATIONAL AFFAIRS The U.S. and China: more than trade is at stake

SOCIETY UNDER THREAT Partisan divide must vanish for defence of civilisational foundation: Christianity

MUSIC ABBA live: just not in person or on stage

CINEMA Coco: Family and home trump 'identity'

BOOK REVIEW Remnant hopes for post-Brexit Britain

BOOK REVIEW The Great War, raw and uncensored

HUMOUR A few more snippets from Forget's Dictionary of Inaccurate Facts, Furphys and Falsehoods

POETRY

LETTERS

Books promotion page

KEYNES / HAYEK:
The Clash That Defined Modern Economics

Nicholas Wapshott

$34.95


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(New York: W.W. Norton, 2011)
Paperback: 400 pages
ISBN: 9781921844362
Price: AUD$34.95

 

Book description

Can government fix a broken economy? Two great economists disagreed eighty years ago, and their debate dominates politics to this day.

As the stock-market crash of 1929 plunged the world into turmoil, two men emerged with competing claims about how to restore 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 disputes between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s. This is no mere academic debate — with the world economy teetering, the stakes are very high for all of us.

 

About the author

Nicholas Wapshott is a prominent British journalist and writer. He was a former senior editor at The Times of London and The New York Sun, as well as the founding editor of The Times Magazine. He is a Reuters contributing columnist and a regular broadcaster on MSNBC, PBS, and FOX News. Wapshott has written a number of biographies, including those of Margaret Thatcher and Carol Reed. He lives in New York.

 

Endorsements

‘With balance, understanding and clarity, Nicholas Wapshott, a New York-based English journalist and biographer, re-creates the duel between Keynes and Hayek … [T]his book is beguilingly written, well researched and cleverly argued.’ — John Edwards, Weekend Australian

‘This book gives a fascinating account of the lives of the two men, the evolution of their ideas and why the debate between them is important today.’ — Bruce Rennie, Dominion Post Weekend (Wellington, New Zealand)


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