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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (82380)	10/30/2011 2:44:44 PM
From: Snowshoe	Respond to of 217740

War of the Economists Oct 29, 2011 6:56 PM EDT Occupy Wall Street and the Tea Party could learn from dueling theorists Keynes and Hayek, says Michael Maiello on a new book that proves why they're still essential. thedailybeast.com Keynes Hayek: The Clash that Defined Modern Economics By Nicholas Wapshott amazon.com I am not writing this review to promote Keynes' or Hayek's views. People should study both theories, described in this book and others, and then form their own conclusions. Although Keynes and Hayek disagreed on many things, I will close with a quote from Keynes that I think both men would agree with. "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back." These words ring as true today as when they were written years ago. To learn a lot more about Keynes and Hayek, this book is well worth your consideration.