Watch Russ Roberts and Robert Skidelsky talk Keynes, Hayek and “economic stimulus” with Ray Suarez on Jim Lehrer’s NewsHour here. Roberts offers a series of excellent points, but PBS pushes its heavy hand on the scales to effect a pro-Keynes conclusion. And I don’t actually recall hearing much if any of Hayek’s case against Keynes and Keynesian economics.
To get some sense of what Hayek thought of Keynes and his economics, read a few of the quotes found here.
If you’d like to read Hayek on Keynes, and get a fuller understanding of Hayek’s case against Keynes, buy a copy of Hayek’s Contra Keynes and Cambridge, only $12.39 from Amazon.
And don’t forget to pick up a copy of Hayek’s perennial bestseller The Road to Serfdom — currently #639 in books at Amazon — selling for only $9.94, which is 42% off the cover price.
UPDATE: Watch the full uncut interview with Russ Roberts and Robert Skidelsky here.