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Kenneth R. Hoover

Economics as Ideology: Keynes, Laski, Hayek, and the Creation of Contemporary Politics

by Kenneth R. Hoover (Author)

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Economics as Ideology: Keynes, Laski, Hayek and the Creation of Contemporary Politics explores the lives and thought of three powerful theorists who shaped the foundations of the center, left, and right of the political spectrum in the 20th century. Noted scholar Kenneth R. Hoover examines how each thinker developed their ideas, looks at why and how their views evolved into ideologies, and draws connections between these ideologies and our contemporary political situation. Similar in age, colleagues in academic life, and participants in the century's defining political events, the story of Keynes, Laski, and Hayek is also the story of how we in the west came to define politics as the choice between government and the market, between regulation and freedom, and between the classes and the masses.

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In this well-written and amply researched and documented volume, Hoover analyzes the lives and motives of three giants on the world stage in the last century: John Maynard Keynes, Harold Laski, and Frederick Hayek. Hoover deftly examines the contrasting ideologies of these major 20th-century figures and the essence of their contributions and impact on contemporary politics and economics. Highly recommended. ― Choice Reviews

This is a very credible work of prodigious scholarship, with frequent keen analyses and insights, and written in a lively, attractive style. -- Kenneth Dolbeare, editor of American Political Thought

An important book and a fascinating, absorbing read. -- G. C. Harcourt, Jesus College, Cambridge University

I enormously enjoyed reading Economics as Ideology. The tradition of parallel and interacting biography is small but distinguished. Hoover adds a further dimension with his examination of the role of opposition, and his investigation of the link between social situation, individual circumstances, and thinking. -- Rodney Barker, London School of Economics

Economics as Ideology is a most engrossing book. It tells an important tale of the development of economic thinking through the stories of three giants of political economic thought. Lives intersected at the nexus of theory and practice told in a compelling, even dramatic, narrative makes for better reading than a novel. I kept wanting to know how it was going to turn out―even though I knew the general contours from the start. The book offers important background for understanding economic thinking as it has evolved. It will be greatly prized. -- Sanford F. Schram, Author of Praxis for the Poor: Piven and Cloward and the Future of Social Science in Social Welfare

The idea is simply splendid. It does make supreme sense to construct a history of theories of political economy in the 20th century around Keynes, Laski, and Hayek and the three do, in fact, succeed one another in 'hegemony' as the century unfolds. Inasmuch as Keynes and Hayek were interlocutors and rivals and duelists their relationship bears considerable drama and the fact that Hayek appears to have had the last laugh makes for high irony. It is a major achievement of this volume that Hoover never loses sight of the intellectual stakes in these debates. -- James Scott, Yale University

A rich portrait of the politics and intellectual life of Great Britain (and to a lesser extent, the United States) during the formative events of the century, and these chapters serve as a good general introduction to the ideas of these three men. A useful read for historians of economics and economic thought, as well as those with an interest in the development of political thought in the twentieth century. ― H-Net: Humanities and Social Science Reviews Online

Economics as Ideology is, in short, popular intellectual history at a high level. For those seeking both an engaging review of the economic ideas that shaped much of the history of the twentieth century and short biographies of three principals in formulating and advancing these ideas, it is an enlightening and illuminating work. ― Journal of Markets & Morality

This is a valuable book, the subject of which is the grand sweep of twentieth-century British economic ideology from the standpoint of its crucial historical and biographical contexts. It will have particular significance for social scientists studying this subject or period in British history. ― Journal of British Studies

About the Author

Kenneth R. Hoover is professor of political science at Western Washington University. His previous books include The Elements of Social Scientific Thinking, Ideology and Political Life, and The Power of Identity: Politics in a New Key.

Product details

Publisher ‏ : ‎ Rowman & Littlefield Publishers (August 25, 2003)
Language ‏ : ‎ English
Paperback ‏ : ‎ 336 pages
ISBN-10 ‏ : ‎ 0742531139
ISBN-13 ‏ : ‎ 978-0742531130
Item Weight ‏ : ‎ 1 pounds
Dimensions ‏ : ‎ 5.86 x 0.76 x 8.9 inches

Best Sellers Rank: #3,386,915 in Books (See Top 100 in Books)
- #657 in Economic Theory (Books)
- #2,083 in Political History (Books)
- #2,973 in Economic Policy

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3.8 3 ratings

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Mr4

Great idea, but lost it in the end

Reviewed in the United States 🇺🇸 on May 19, 2020

Verified Purchase

The idea of comparing economic and political philosophies across a spectrum of opinion is a great idea and the selection of Hayek and Keynes was an excellent start. Positioning Laski on par with the two giants was suspect at first because it placed Keyes in the center when he is in fact more to the left, but in the end the information on Laski proved helpful. It was especially relevant because of his influence in Great Britain. His part in removing the Churchill was quite revealing to me.

Throughout the body of the text the author’s bias for Keynes and empathy with Laski was transparent but he kept the discussion relatively neutral. In the end, however, his total mischaracterization of Hayek and those who followed him, especially Thatcher and Reagan, and his fundamental misunderstanding of how free markets benefit all was disappointing. It would have been interesting to see Hayek skewer him if given the opportunity, but dead men don’t speak. Perhaps a section on Pareto and natural distributions could have helped. The tired bromide of how governments are necessary to keep the peace and resolve disputes, vomited up at the end while wholly ignoring the millions of wasteful bureaucrats who gum up the works and lower the standard of living of all, provided a very disappointing conclusion to an otherwise educational book.

Stylistically, the author could have improved the readability of his book - hence improving his message to the reader - by losing the thesaurus and speaking in plain English. His choice of words did not impress.

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