Books Contra Keynes and Cambridge: Essays, Correspondence (The Collected Works of F. A. Hayek)  by F. A. Hayek (Author), Bruce Caldwell (Editor)

"Contra Keynes and Cambridge: Essays, Correspondence" is a scholarly collection edited by Bruce Caldwell that compiles the critical debates between F. A. Hayek and John Maynard Keynes during the 1930s. This volume highlights Hayek’s early critiques of Keynes’s economic theories, especially those presented in Keynes’s Treatise on Money. Hayek challenged Keynes’s approach to monetary economics, capital theory, and government intervention in the economy, arguing that Keynes underestimated the complexities of capital structure and the dangers of inflation and government overreach.

The book includes extensive correspondence and essays revealing the intellectual clash over fundamental economic concepts like saving, investment, and how economies respond to crises such as the Great Depression. It also features rejoinders by Keynes and Piero Sraffa, showcasing the heated exchanges that shaped modern economic thought.