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RM104.50
Keynes Hayek: The Clash that Defined Modern Economics, Nicholas Wapshott
Price RM104.50
Product SKU 9780393343632
Size (L x W x H) 18 cm x 13 cm x 4 cm
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Description

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.
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Nicholas Wapschott is an author, journalist and biographer who is both British and American. Having worked on The Scotsman, The Times, The Observer and The Sunday Telegraph, he was the national and foreign editor of the New York Sun, was part of the launch team for The Daily Beast, was editorial director of Oprah Winfrey's website oprah.com and is now the International Editor of Newsweek.

Alongside his journalism he has always written biographies which display his dual interest in both the cinema and political economy. His first was a hugely entertaining and funny life of the rapscallion Peter O'Toole. His second was of another actor: Margaret Thatcher, whose rise, premiership and fall he reported at close quarters for The Times and The Observer.

His third life was of one of the masters of British cinema, Carol Reed, and it remains the definitive biography of the director of The Third Man. He was helped by, among others, Graham Greene, who wrote three screenplays for Reed, and an actor who worked with Reed before and after World War II, Rex Harrison, who became the subject of Wapshott's fourth biography.