Nicholas Wapshott
More books by Nicholas Wapshott…
“There was a pretext, albeit slender, that might have prompted Hayek to reach out to Keynes: Keynes had succeeded Edgeworth as editor of the Economic Journal in 1911. But”
― Keynes Hayek: The Clash that Defined Modern Economics
― Keynes Hayek: The Clash that Defined Modern Economics
“If an equilibrium was invariably elusive in the real world, Hayek argued, then the a priori assumptions that theoretical economists make about the operation of an economy, or a market, tending toward an equilibrium would always fall short. An equilibrium can be predicted only if the intentions of each of the participants is known, and that is impossible both in theory and in practice.”
― Keynes Hayek: The Clash that Defined Modern Economics
― Keynes Hayek: The Clash that Defined Modern Economics
“determined to prove that there were no simple solutions to intractable economic problems, and came to believe that those who advocated large-scale public spending programs to cure unemployment were inviting not just uncontrollable inflation but political tyranny.”
― Keynes Hayek: The Clash that Defined Modern Economics
― Keynes Hayek: The Clash that Defined Modern Economics
Topics Mentioning This Author
topics | posts | views | last activity | |
---|---|---|---|---|
The History Book ...: PRESIDENTIAL SERIES: GLOSSARY -LANDSLIDE (SPOILER THREAD) | 372 | 229 | Feb 19, 2015 12:16PM | |
2025 Reading Chal...: Anne's Book a Week Challenge 2018 | 26 | 114 | Jan 01, 2019 07:20AM | |
The History Book ...: * #32 (US) FRANKLIN DELANO ROOSEVELT (PRESIDENT) 1933 - 1945 | 222 | 583 | Jul 23, 2024 09:09AM | |
THE WORLD WAR TWO...: Advice on WW2 Books | 362 | 514 | Jan 26, 2025 11:15AM | |
The History Book ...: * MARGARET THATCHER | 59 | 362 | Apr 08, 2025 12:13PM |
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