Hayek vs Keynes: A Battle of Ideas offers a clear historical
account of the works of the two great totems of modern economic
thought: Friedrich Hayek and John Maynard Keynes. Hayek's The Road
to Serfdom and Keynes's The General Theory of Employment, Interest
and Money were written against a background of devastation
following the First World War. Thomas Hoerber explains the
historical context in which the books were written and shows how
lessons can be drawn for current economic and political phenomena,
such as the recent financial crisis, globalization and European
integration. He illustrates how classical economic theory as well
as a qualitative method in economics can enlighten our
understanding of the present economic environment. With a broad
European perspective, this book places the two great economic
thinkers of the twentieth century in their historical context, and
asks what we can learn from their work today.
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