Hayek, Marx and Keynes

Meghnad Desai

Chapter 1 in Hayek: Economist and Social Philosopher, 1997, pp 1-7 from Palgrave Macmillan

Abstract: Abstract It may be thought somewhat unusual to club together the three economists discussed here. In a sense, Hayek has been hailed as the anti-Keynes of the late twentieth century, although his relations with Keynes after their early encounters in the 1930s were nothing but cordial. Keynes himself was more liberal than Keynesians, especially the British ones. But after the fall of the Berlin Wall and the collapse of communism in Eastern Europe, Hayek was also thought to be the man who defeated or at least rolled back Marx. (I think anti-Lenin would be more appropriate, but that is debatable.)

Keywords: Full Employment; Spontaneous Order; Pure Theory; Early Encounter; Capital Heterogeneity (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25991-5_1

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DOI: 10.1007/978-1-349-25991-5_1

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