Yet, if you read about the tussle between the two great economists, you are struck by two things. First, how pragmatic a man John Maynard Keynes was. And second, how utopian the ideals of Friedrich Hayek are. This is odd, as each man attached himself to a polar opposite political philosophy: Keynes’s ideas were adopted by idealistic lefties, while Hayek’s thoughts were lapped up by conservatism, a philosophy that by definition rejects dogma. It is as if we have gone through the looking glass.
Read the rest here.
If you enjoy the content at iBankCoin, please follow us on Twitter