The Clash of Economic Ideas Reviewed in The Washington Times

Professor Lawrence H. White’s book,”The Clash of Economic Ideas,” was reviewed by Alberto Mingardi of the The Washington Times.

In “The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years,” George Mason economist Lawrence H. White provides a masterful treatment of the struggle between different approaches and different schools of thought. Mr. White’s book is an uneasy cocktail: He beautifully mixes history of economic thinking, political history and bites of biography (each chapter begins with a vignette) that humanize economists for his readers but also convey a sense of the real excitement that research and policy advocacy can engender.

Read the entire review at The Washington Times.

Lawrence White Podcast on EconTalk: The Clash of Economic Ideas

Lawrence H. White of George Mason University and author of The Clash of Economic Ideas talks to EconTalk host Russ Roberts about the economists and their ideas of the past one hundred years. They discuss Keynes and Hayek, monetary policy and the Great Depression, Germany after the Second World War, the economy of India, and the future of monetary policy.

Listen to the podcast at

Video: Book Event on “The Clash of Economic Ideas” at George Mason University

The F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center held a book discussion on Professor Lawrence White’s new book, The Clash of Economic Ideas. The discussion was chaired by GMU economics professor Peter Boettke, and included commentary by professor of economics at Dartmouth College, Douglas Irwin, and professor of economics at Barnard College, Perry Mehrling.

The Clash of Economic Ideas

The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It traces the connections running from historical events to debates among economists, and from the ideas of academic writers to major experiments in economic policy. The treatment offers fresh perspectives on laissez faire, socialism, and fascism; the Roaring Twenties, business cycle theories, and the Great Depression; Institutionalism and the New Deal; the Keynesian Revolution; and war, nationalization, and central planning. After 1945, the work explores the postwar revival of invisible-hand ideas; economic development and growth, with special attention to contrasting policies and thought in Germany and India; the gold standard, the interwar gold-exchange standard, the postwar Bretton Woods system, and the Great Inflation; public goods and public choice; free trade versus protectionism; and finally fiscal policy and public debt. The investigation analyzes the theories of Adam Smith and earlier writers on economics when those antecedents are useful for readers.

Lawrence H. White on Monetary Policy, Free Banking, and the Financial Crisis

At Universidad Francisco Marroquin, Lawrence White and Fritz Thomas have a conversation about the most relevant economic and financial topics currently impacting the world. They discuss the impact of Keynesian ideas on governments and the development of public and economic policies. White presents an analysis of the present economic crisis in the United States and the sovereign debt crisis in the European Union. He explains the origins of these financial debacles and proposes several solutions. Finally, White and Thomas comment on the idea of free banking, focusing on how this alternative could help solve and also prevent future financial crises.

The Austrian Theory of Boom and Bust (Part III of III)‬

Are Austrians a broken clock that’s right twice a day (when there’s a bubble that busts)? Why do entrepreneurs continue to be fooled by manipulation of interest rates by the central bank? 

In this EconStories mini-documentary, part III in our first series on the Mises/Hayek theory of boom and bust, Lawrence H. White addresses the expectations and the cluster of entrepreneurial errors that reveal themselves during a bust.