John Maynard Keynes (1883–1946) was an influential British economist whose ideas on government intervention in the economy were considered to be both revolutionary and controversial. Nicholas Wapshott, author of Keynes Hayek: The Clash that Defined Modern Economics, shares his insight on why John Maynard Keynes...

  Austrian-born economist Friedrich Hayek was noted for his criticisms of the Keynesian welfare state and of totalitarian socialism which was laid out in his popular book The Road to Serfdom (1944). In 1974, he shared the Nobel Prize for Economics with Swedish economist Gunnar Myrdal. Nicholas Wapshott...