From Keynes to Hayek: The Battle of Economic Theories

From Keynes to Hayek: The Battle of Economic Theories by Oliver Shaw explores the intellectual and ideological confrontation between two of the most influential economists of the 20th century John Maynard Keynes and Friedrich Hayek. This book traces the development of their contrasting economic philosophies, from Keynes' advocacy for government intervention and social welfare during times of economic instability to Hayek's defense of free markets, individual liberty, and limited government. Set against the backdrop of the Great Depression, World War II, and the rise of global capitalism, the book delves into the political and economic consequences of their ideas, examining how their theories shaped the policies of the post-war era and the neoliberal reforms of the 1980s. It also investigates the enduring relevance of their ideas in the 21st century, particularly in light of the 2008 financial crisis and the ongoing debates about the role of the state in managing modern economies.