Tag Archive for Keynes

IEA Occasional Lecture: Hayek v. Keynes

The IEA announcement explains: The great Austrian economist Hayek was the principal defender of the classical policies of Adam Smith and Keynes‘s chief antagonist. The classical model of Adam Smith, his “system of natural liberty,” favoured saving, balanced budgets, sound money (gold standard), free trade and laissez faire. Keynes’s “new” economics sought to turn the classical model…

Hayek edges Keynes to victory

keynes-vs-hayek

Last night’s Hayek vs Keynes debate was a pretty impressive affair. I arrived at the Old Building 15 minutes before kick off and ended up being the last person permitted into the East Building to watch on video link. The long queue of disappointed people behind me had to find alternative entertainment for the evening.…