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The twin roots of our discontent
ALEX HALL welcomes an accessible examination of the two strands of pro-capitalist thought which have defined the post-war economic policies of the West
(L) Friedrich August von Hayek, 1981; (R) John Maynard Keynes, 1934 [LSE Library/CC; David Low/CC]

Hayek vs Keynes: A Battle of Ideas
Hoerber Thomas, Reaktion Books, £10.99

 

NEITHER John Maynard Keynes nor Friedrich von Hayek wanted to see the devastation of the Great Depression or the second world war again. Both understood how economics and politics could tear societies apart. 

Both wanted societies which would encourage harmony and efficiency. But they came up with very different solutions, Keynes focusing on the role of government in creating the right environment for markets and controlling their worst excesses, and Hayek on the role of maximising individual freedom and free markets. 

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