Martin Vander Weyer

How to Spend It

Keynes Hayek: The Clash That Defined Modern Economics


W W Norton 382pp £18.99 order from our bookshop

Capitalism is on trial in the aftermath of the great financial meltdown, but we’re a long way from a verdict. Witnesses whose focus is the United States tend to blame market behaviour, especially on Wall Street, for the worst economic upheaval since the Great Depression; some but not all praise Barack Obama’s fiscal stimulus programme as a catalyst for what might be the beginning of a real recovery. By contrast, most observers of the continuing crisis in the Eurozone point the finger of blame at excesses of government borrowing, spending and market interference. Some but not all argue that bankruptcies of over-borrowed euro nations should be allowed to happen, whatever the short-term social cost, in the expectation that something better will arise from the ruins, and in preference to successive bail-outs backed by newly printed money.

Follow Literary Review on Twitter

  • Last Tweets

    • What a charming, candid blogpost from one of our dear contributing editors. ,
    • RT : The first guess from one of my 1st graders was “death” and such an awed, somber, reflective hush fell over the clas… ,
    • Merry Christmas from Literary Review! Hope your stockings were laden with books, and the tree bending under the weight of further books....,
    • Last minute Christmas gift required? We're offering discounts on all our subscriptions (20% no less!) with the cod… ,
    • In this issue's 'Silenced Voices', Lucy Popescu writes of Thailand's restrictive lese-majesty laws and their latest… ,
    • "Gunn was a disciple of the American formalist Yvor Winters, but Winters’s poetry could never give off such a scent… ,
    • Christmas gift hunting? Why not give the gift of being even better read? We're offering discounts on all our subscr… ,