Nicholas Wapshott Book order

"From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed "monetarism" and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In the nimble hands of author and journalist Nicholas Wapshott, Samuelson and Friedman's decades-long argument becomes a window through which to view one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today"-- Provided by publisher

Set in a pivotal moment before World War II, the narrative explores America's struggle between isolationism and the looming threat of global conflict. It delves into the political and social tensions of the era, highlighting the nation's uncertainty as it grapples with its identity and role in a rapidly changing world. The backdrop of impending war serves as a catalyst for examining the choices and beliefs that would ultimately shape the course of history.

Provides a history of the diverging economic viewpoints that emerged after the 1929 stock market crash, one from Cambridge economist John Maynard Keynes, the other from Austrian economics professor Freidrich Hayek.

An incisive dual portrait of a seminal Anglo-American friendship takes a close-up look at the relationship between political allies and soulmates Ronald Reagan and Margaret Thatcher, profiling a complex, deeply personal, and influential friendship and its transformative impact on the history of the twentieth century. Reprint.