Keynes Hayek The Clash That Defined Modern Economics

Author: Nicholas Wapshott
Publisher: W. W. Norton & Company
ISBN: 039308311X
Size: 35.78 MB
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“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on 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, Freidrich 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 arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

The Great Degeneration

Author: Niall Ferguson
Publisher: Penguin
ISBN: 1101608455
Size: 25.26 MB
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A searching and provocative examination of the widespread institutional rot that threatens our collective future What causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions—the intricate frameworks within which a society can flourish or fail—are degenerating. With characteristic verve and historical insight, Ferguson analyzes the causes of this stagnation and its profound consequences for the future of the West. The Great Degeneration is an incisive indictment of an era of negligence and complacency—and to arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.

Anderson Sheppard

Author: Graydon Carter
Publisher: Quercus Books
ISBN: 9781848661684
Size: 48.69 MB
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Anderson & Sheppard: A Style Is Born takes a privileged look behind the scenes of one of Britain's best-kept fashion secrets - from the firm's early days as the renegade of Savile Row to its current status as a byword for taste, relaxed stylishness and supreme quality - and as the establishment of choice for the elite of today's fashion, film, business and diplomatic worlds. Edited by Vanity Fair's Graydon Carter and Cullen Murphy - with modern photographs by Jonathan Becker and Christopher Simon Sykes; exuberant paintings by the incomparable Paul Cox; and a playfully elegant historical essay by David Kamp - this unique book lays bare century-old traditions, tailor's tricks and painstakingly detailed craftsmanship, as well as showcasing Anderson & Sheppard's famous measure books and its wide range of exclusive cloths. A selection of the firm's distinguished clientele offers first-person accounts of their experiences at Anderson & Sheppard. This sumptuous edition is packed with stunning images of Anderson & Sheppard's distinctive cut being worn by the leading lights of stage, screen, high society and literary and artistic life. Some of the photographs are vintage - featuring Gary Cooper, Cary Grant, Fred Astaire, Charlie Chaplin, Douglas Fairbanks Jr, Laurence Olivier, Alec Guinness, Noel Coward, Evelyn Waugh and Marlene Dietrich. H.R.H. the Prince of Wales makes an appearance in his wedding suit. But the book also brims with specially commissioned full-colour portraits of today's Anderson & Sheppard clients - including Ralph Fiennes, Liam Neeson, Bryan Ferry, Taki Theodoracopulos, Henry Koehler, Jay McInerney, Nicolas Roeg, Manolo Blahnik, Nicky Haslam, Sir John Ritblat and Sebastian Guinness. With over 180 photographs, this beautiful volume is a rare glimpse of the very best of classic British tailoring.

The Big Three In Economics Adam Smith Karl Marx And John Maynard Keynes

Author: Mark Skousen
Publisher: Routledge
ISBN: 1317458214
Size: 33.66 MB
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History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

Conjectures And Refutations

Author: Karl Popper
Publisher: Routledge
ISBN: 1135971374
Size: 77.80 MB
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Conjectures and Refutations is one of Karl Popper's most wide-ranging and popular works, notable not only for its acute insight into the way scientific knowledge grows, but also for applying those insights to politics and to history. It provides one of the clearest and most accessible statements of the fundamental idea that guided his work: not only our knowledge, but our aims and our standards, grow through an unending process of trial and error.

Masters Of The Universe

Author: Daniel Stedman Jones
Publisher: Princeton University Press
ISBN: 1400851831
Size: 26.40 MB
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Based on archival research and interviews with leading participants in the movement, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left. This edition includes a new foreword in which the author addresses the relationship between intellectual history and the history of politics and policy. Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis.

Hayek A Collaborative Biography

Author: R. Leeson
Publisher: Springer
ISBN: 1137328568
Size: 74.94 MB
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This is the first collaborative biography of Hayek. Some of the world's most distinguished scholars will integrate the archival evidence with Hayek's published writings to illuminate the process by which Hayek changed the direction of world history.

Zombie Economics

Author: John Quiggin
Publisher: Princeton University Press
ISBN: 0691154546
Size: 33.74 MB
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In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism--the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many--members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us--and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future. Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs--that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off--brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough--either to kill dead ideas, or prevent future crises. In a new chapter, Quiggin brings the book up to date with a discussion of the re-emergence of pre-Keynesian ideas about austerity and balanced budgets as a response to recession.

Ronald Reagan And Margaret Thatcher

Author: Nicholas Wapshott
Publisher: Penguin
ISBN: 1101217871
Size: 76.20 MB
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New details of the remarkable relationship between two leaders who teamed up to change history. It?s well known that Ronald Reagan and Margaret Thatcher were close allies and kindred political spirits. During their eight overlapping years as U.S. president and UK prime minister, they stood united for free markets, low taxes, and a strong defense against communism. But just how close they really were will surprise you. Nicholas Wapshott finds that the Reagan-Thatcher relationship was much deeper than an alliance of mutual interests. Drawing on extensive interviews and hundreds of recently declassified private letters and telephone calls, he depicts a more complex, intimate, and occasionally combative relationship than has previously been revealed.

Political Power And Economic Inequality

Author: Charles F. Andrain
Publisher: Rowman & Littlefield
ISBN: 1442229470
Size: 62.64 MB
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This balanced study offers an essential comparative analysis of worldwide income inequality. Charles F. Andrain argues that the globalization of income inequality explains contemporary political life in the United States as well as in other parts of the world. To fully understand global income distribution, we need to grasp how historical changes affect these trends, why social movements stage protests against the growing income gap, and how a comparative approach best explains income differences. Andrain’s tightly written interdisciplinary study stresses the impact of this problem on political life and social change in the United States, Europe, Asia, and Latin America. The comparative evidence probes the full dynamics of this controversial issue and its consequences for society as a whole.