Howard McEwen, CFA

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My Review of Keynes Hayek: The Clash that Defined Modern Economics

February 17th, 2012 · No Comments

A disclaimer up front: I bailed on this book about 20% of the way through. So take this review for what it’s worth.

I should have loved this book but I didn’t. I love economics. I love the debate.

Let’s face it, the material can be esoteric. While I have some economic education I found myself swimming in rough waters at times in this book. The writer didn’t guide us through the various viewpoints so much as clip a paragraph from Keynes then clip another paragraph from Hayek with a counterpoint. The problem with these is that the two economists were writing to and for other economists. It’s not the easiest lingo to understand in 1930 much less after 80 years has passed.

The book started promisingly enough for me. The two economists alone on top of a building at night assigned to watch for German bombers. From my limited knowledge the two men could not have been more different but more alike in many ways. I wish that was explored more. Maybe it was in the final 80% or so but I just couldn’t push through to find out.

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