Friedrich August Hayek in the 1930s assumed the role of a main adversary of Keynes’s explanation of unemployment and economic crises. Hayek advocated an “Austrian” version of orthodox theory, building upon the works of von Mises, von Böhm-Bawerk and Pareto. Keynes had difficulties to counter Hayek’s attack on the Treatise because he was not familiar with these works. It was therefore natural for Keynes to ask Sraffa, who was familiar with the three intellectual traditions to help him out of the impasse and ward off Hayek’s attack. This Sraffa succeeded in doing. He argued that Hayek’s alternative construction was beset by a number of difficulties and inconsistencies.
Institutional Login
Log in with Open Athens, Shibboleth, or your institutional credentials
Personal login
Log in with your Elgar Online account
-
Show ItemsFront Matter
-
Show ItemsPART I: Life and Work
-
Show ItemsPART II: Influences
-
Show ItemsPART III: Major Work
-
PART IV: Economic Analysis
-
Show ItemsPART V: Critics And Contemporaries
-
Show ItemsPART VI: Associates
-
Show ItemsPART VII: Legacy And Impact
-
Show ItemsPART VIII: Keynesianism In Various Countries
