Keynes versus Hayek

Today’s economic debates tend to polarize around either a Keynesian or Hayekian view. So which one was right?

In the Doddsville podcast of 15 Mar 12, your analytical team discussed the merits or otherwise of austerity. Behind the discussion lurked two long shadows cast by the scions of 20th Century economics: John Maynard Keynes and Fredrick Hayek.

These masters of the dismal science were anything but bores. Their intellectual entanglement was vocal and urbane while their respective views still spit and crackle amid contemporary political debate.

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