Hayek wasn’t big on socialism or central planners. Economists always pitted him against Keynes – Hayek as the free marketeer v Keynes the central planner. It all a bit simplistic, as Keynes wasn’t averse to making a tidy profit on the free market. Both economists became the poster boys for opposing economic sides in the later half of the 20thC.
Written on: 10/12/25:
Filed under:
finance
@PaulMasonNews is Newsnight's Business Editor. He's not a wonk, an ex banker or an academic. This is his great strength. It seems to enhance his ability to convey all this mumbo jumbo to the average Joe.
Written on: 10/04/12:
Filed under:
review
books
finance
I read somewhere that David Bowie was the cause of the credit crisis. Personally, I never forgave him for "Never Let Me Down", the banking crisis pales next to that turd.
Written on: 28/07/10:
Filed under:
finance