Hayek, Marx and Keynes

Meghnad Desai

pp. 1-7

in: Stephen F. Frowen (ed), Hayek: economist and social philosopher, Basingstoke, Palgrave Macmillan, 1997

Abstract

It may be thought somewhat unusual to club together the three economists discussed here. In a sense, Hayek has been hailed as the anti-Keynes of the late twentieth century, although his relations with Keynes after their early encounters in the 1930s were nothing but cordial. Keynes himself was more liberal than Keynesians, especially the British ones. But after the fall of the Berlin Wall and the collapse of communism in Eastern Europe, Hayek was also thought to be the man who defeated or at least rolled back Marx. (I think anti-Lenin would be more appropriate, but that is debatable.)

Cited authors

Marx Karl

Von Hayek Friedrich August

Keynes John Maynard