It seems, following the GFC, we are all in uncharted waters. For what it's worth, here are my ideas..
By the way, I noticed that Nicholas Wapshott wrote a book along the line of my previous post topics, about the clash between Keynes and Hayek.
John B.Taylor, Mary and Robert Raymond Professor of Economics at Stanford University and the George P. Shultz Senior Fellow in Economics at the Hoover Institution had this to say about the book:
‘Nicholas Wapshott brings the Keynes-Hayek fight of the 20th century back to life, making the clash
both entertaining and highly relevant for understanding economic crises of the 21st century.
‘This fascinating book surpasses—and fills a void left by—Robert Heilbroner’s 1953 classic
history of economic thought, The Worldly Philosophers, which devoted only one page to Hayek.’
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