Economics as Ideology Keynes, Laski, Hayek,

Economics as Ideology 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.

Kenneth R. Hoover is professor of political science at Western Washington University

Preface

xi

1 Of Identity, Ideas, and Ideologies

1

(6)

1.1 From Ideas to Ideologies: Of Contestation and Resolution

3

(1)

1.2 Identity Relations: A Developmental Perspective

4

(3)

2 The Prewar World: Seeds of Struggle

7

(24)

2.1 Keynes: The Prodigy of Political Economy

9

(13)

2.2 Laski: Of Families and Rebellion

22

(6)

2.3 Hayek: The Patrimony of a Botanist

28

(3)

3 World War I: Unresolved Conflicts

31

(16)

3.1 Keynes: Communal Experiments and Dystopias Realities

32

(4)

3.2 Laski: The Radical in the Establishment

36

(7)

3.3 Hayek: Of Government Lies and Economic Truths

43

(4)

4 The Twenties: The Government and the Market in Combat

47

(34)

4.1 Keynes: Of Gold, Unemployment, and the Liberal Way

47

(15)

4.2 Laski: The Fall of Capitalism and the Rise of the Radical

62

(7)

4.3 Hayek Monetarism and Taming of Governments

69

(12)

5 The Thirties: Duel of Allegiances

81

(40)

5.1 Keynes: Arenas of Confrontation

81

(11)

5.2 Laski: The Moderate Militant

92

(14)

5.3 Hayek: The Foundations of Dissent

106

(15)

6 World War II: Destruction and Deliverance

121

(34)

6.1 Keynes: Saving England

122

(7)

6.2 Laski: World War and Class War

129

(16)

6.3 Hayek: Rejoinder to Revolution

145

(10)

7 The Postwar World: Denouement

155

(44)

7.1 Keynes: Creating the Postwar World

156

(6)

7.2 Laski: Victory and Defeat

162

(22)

7.3 Hayek: Departure and Renewal

184

(15)

8 The Second Half Century: From Ideas to Ideologies

199

(20)

8.1 Keynes: The Fall and Rise of the Center

200

(1)

8.2 Laski: The Legacy of Class Power

201

(2)

8.3 Hayek: Redeeming Capitalism

203

(16)

9 Developmental Turning Points and the Formation of Ideologies

219

(16)

9.1 Keynes: Mentality and Sentimentality

221

(4)

9.2 Laski: Rebellion Writ Large

225

(2)

9.3 Hayek: Decontesting the Market

227

(8)

10 The Oppositional Bind of Ideology

235

(24)

10.1 Laski: Misunderstanding the Economy

237

(3)

10.2 Hayek: Governance Diminished

240

(9)

10.3 Keynes: Of Rationality and Policy Making

249

(10)

11 Ideology, Identity, and Contemporary Politics

259

(12)

11.1 Laski: The Rise and Fall of Class Consciousness

260

(2)

11.2 Keynes: Probabilities and Progress

262

(3)

11.3 Hayek: Withdrawal and Regeneration

265

(1)

11.4 Identity, the Government, and the Market

266

(3)

11.5 Politics and Developmental Freedom

269

(2)

Notes

271

(48)

Index

319

(10)

About the Author

329

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

Summary

Author Biography

Table of Contents

Supplemental Materials