Keynes and Hayek were two of the most influential economists of modern times. But how did their economic philosophies and views affect the world today? Nicholas Wapshott, who wrote Keynes Hayek: The Clash That Defined Modern Economics and is the former New York bureau chief ofThe Times, editor of theSaturday Times of London,  founding editor of The Times Magazine, and political editor of The Observer, tells Doug about the differences in both economic systems and how the economies of the West have been shaped by them. Also enjoy listening to all of your favorite people on Goldstein on Gelt.

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com

1 COMMENT

  1. Both Keynes and Hayek accepted empirical evidence. They would probably not be as far apart in practice as people think. For example Keynes questioned whether governments could properly time fiscal policies, and Hayek saw the virtue in forcing people to purchase health insurance.

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