Ruby Sisson Library

Classic work in political philosophy, intellectual and cultural history, and economics. Originally published in 1944, it was seen as heretical for its passionate warning against the dangers of state control over the means of production. The author was a cowinner of the Nobel Memoiral Prize in economics in 1974and was a pioneer in monetary theory and the principal proponent of libertariansim in the twentieth century.

As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Friedrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle...