Thursday, November 5, 2020

Review of Keynes Hayek: The Clash that Defined Modern Economics by Nicholas Wapshott

This review was written by Eugene Kernes

Book can be found in:
Genre = Economics
Intriguing Connections = Learning Economics: Basic to Advanced

Elaborate Description

An economics book that does not hold back the economics. In each chapter, the author provides more and more economic theory that have been developing. Initially, some of the economics presented are difficult to understand, but that is where the author makes the book great, by explaining the theories in different ways again in later chapter making the theory understandable. Every chapter goes deeper and deeper in the great debate of economics without taking a side. Based on this book, the last century had many great debates where intellectuals not only did not mind arguing but did not mind disagreements. No offence was taken to the disagreements as the disagreements helped develop many theories. Today there does not seem to be many debates going on and many intellectuals becoming offended if their research has become criticized. As the debates in this book provided justifications and arguments for policy decision, the researchers of today should strive to obtain public arguments and make differences such as the cost and benefits of policy known. This book is not a difficult read and provides an understanding of economics on a deep level.

Book Details

Edition ISBN:  9780393343632
Pages to read:   302
Publication:     2012
1st Edition:      2012
Format:            Paperback

Ratings out of 5:
Readability    5
Content          5
Overall           5