Friedrich August Hayek and Nicholas Kaldor, both eminent economists, represented two antagonistic approaches, a radical Austrian School-type of liberalism vs an idiosyncratic type of Keynesianism, yet they shared a common starting point in their scientific work at lse during the 1930s. Three...

This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of...