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Tyler Cowen on the GOAT of Economics

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Keynes vs. Hayek: A Critical Examination

This chapter explores the complexities of economist John Maynard Keynes and his contemporary Friedrich Hayek, highlighting their contrasting views on economic principles. It critiques Keynes's microeconomic coherence and political naivety while celebrating his charisma and broad interests. The discussion also addresses influential economic theories, related controversies, and the importance of philosophical underpinnings in the field of economics.

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