Lead: They represent two distinct approaches to political economy. John Maynard Keynes and Friedrich August von Hayek are perhaps the most influential economists of the modern era.

Intro.: A Moment in Time with Dan Roberts.

Content: Lord Bertrand Russell, himself no slouch among the intelligentsia of the 20th century, said John Maynard Keynes’s “intellect was the sharpest and clearest that I have ever known. When I argued with him, I felt that I took my life in my hands, and I seldom emerged without feeling something of a fool.”