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Hayek vs Keynes : a battle of ideas

di Thomas Hoerber

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This book examines the development of a European environmental conscience through successive steps of European integration in energy policy. In the 1960s-70s, the world was slowly beginning to realise that environment degradation was not sustainable. With phenomena such as acid rain, it became clear that pollution did not stop at national boundaries and the European environmental conscience developed in parallel to such growing environmental concerns. The oil crisis in 1973 was a turning point in the integration process for both energy policy and environment policy, and while… (altro)
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Although Professor Hoerber is an academic, his well-written comparison between planned and free-market economics, respectively, is also a concise and highly-accessible history of modern Western liberal economic thought. In other words, it's a great short intro to how Capitalism has evolved since the 19th century, written in fairly plain language.

The General Theory of Employment, Interest and Money and The Road to Serfdom were both treatises that sought to preserve Capitalism using vastly different means. ( )
  camlee | Dec 26, 2019 |
Reviewed in the April 2017 issue of the Socialist Standard:

http://socialiststandardmyspace.blogspot.com/2017/11/capitalist-vs-capitalist-20...
  Impossibilist | Nov 5, 2017 |
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The similarities Hoerber finds between Hayek and Keynes are illuminating. Hoerber emphasizes each man’s reliance on narrative to explain his ideas. The degree to which many economists equate economics with the use of mathematical formulae was deeply regretted by Hayek, and would horrify Keynes. In addition each economist sought to rethink liberalism’s approach to the economy.
 
Hoerber believes that Hayekian thought is the bedrock of neo-liberalism. His understanding of Hayek is as hazy as his definition of neo-liberalism, the latter of which seems to be whatever marriage of political and economic systems that pervade modern society at the moment.
 
Where Mr. Hoerber is correct is when he asserts that the great differences between Keynes and Hayek are relevant to today’s world. Unfortunately, we will have to await another—and much less deeply flawed—scholarly treatment to fully appreciate their significance.
aggiunto da camlee | modificaWall Street Journal, Richard Vedder (sito a pagamento) (Jul 21, 2017)
 
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At best, economic theory really tries to explain how society works, or how it should work. This in turn comes very close to what political theory does.
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This book examines the development of a European environmental conscience through successive steps of European integration in energy policy. In the 1960s-70s, the world was slowly beginning to realise that environment degradation was not sustainable. With phenomena such as acid rain, it became clear that pollution did not stop at national boundaries and the European environmental conscience developed in parallel to such growing environmental concerns. The oil crisis in 1973 was a turning point in the integration process for both energy policy and environment policy, and while

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