Nicholas Wapshott's book examines the vastly divergent economic philosophies of John Maynard Keynes and Friedrich von Hayek. Messrs. Keynes and Hayek studied the normal course of the capitalist business cycle, especially after World War I, but reached radically different opinions about the role governments should play in regulating and ameliorating the effects of the business cycle. These two gentlemen, two of the most influential economic thinkers of the 20th Century, participated in on-going debates about the respective merits of their own philosophies and the demerits of the other's philosophies. Mr. Wapshott examines these debates and expounds on them in this podcast.
- Mr. Nicholas Wapshott, Author of Keynes vs. Hayek: The Clash that Defined Modern Economics
- Mr. James A. Haynes, Professional Responsibility & Legal Education Practice Group Executive Committee and Baltimore Lawyers Chapter