Episode I: The Battle of Ideas

Chapter 1: Prologue

• The present situation
• Title sequence

Chapter 2: The Old Order Fails

• Meet Keynes and Hayek
• The first era of globalization
• World war and revolution
• Keynes foresees disaster

Chapter 3: Communism on the Heights

• Hayek explores socialism
• The Austrian School's critique
• What Lenin learned
• Stalin's totalitarian plan

Chapter 4: A Capitalist Collapse

• German hyperinflation
• American boom and bust
• Fascism takes hold in Europe
• Can Keynes save capitalism?

Chapter 5: Global Depression

• Roosevelt improvises
• Regulating the markets
• Keynes completes his Theory
• Keynes's apostles in America

Chapter 6: Worldwide War

• A victory for planning
• Hayek's warning
• Keynes at Bretton Woods
• World at a crossroads

Chapter 7: Planning the Peace

• Britain seeks "fair shares"
• Churchill's defeat
• Labor nationalizes the heights
• Communism's rapid gains

Chapter 8: Pilgrim Mountain

• Hayek's Mont Pélerin conference
• Enter Milton Friedman
• Democracy and free markets
• A long fight ahead

Chapter 9: Germany's Bold Move

• The ruins of postwar Germany
• Price controls vs. inflation
• Erhard defies the Allies
• The market economy revives

Chapter 10: India's Way

• Nehru and Gandhi part ways
• A science of central planning
• The Mahalanobis equation
• A socialist model for development

Chapter 11: Chicago Against the Tide

• Outside the mainstream
• The spirit of Chicago
• Harnessing economic forces
• The Keynesian high tide

Chapter 12: The Specter of Stagflation

• Hayek in eclipse
• Stagflation besets America
• Nixon becomes a Keynesian
• U.S. wage and price controls

Chapter 13: A Mixed Economy Flounders

• Britain under price controls
• The "Mad Monk" repents
• The grocer's daughter listens
• Thatcher and Hayek

Chapter 14: Deregulation Takes Off

• America bogged down
• The airlines and Panamania
• Deregulating the sandwiches
• Costs and benefits

Chapter 15: Thatcher Takes the Helm

• The Winter of Discontent
• Hayek's birthday present
• Shock therapy for Britain
• The lady's not for turning

Chapter 16: Reagan Rides In

• The double-digit dragon
• Volcker at the Fed
• Reagan tightens the reins
• Tax cuts, deregulation, deficits

Chapter 17: War in the South Atlantic

• Argentina attacks
• Thatcher gambles all
• Victory's dividend
• An economic sea change

Chapter 18: The Heights Go Up for Sale

• Targeting state-owned industries
• The economics of coal
• Breaking the miners' strike
• Can Keynes save capitalism?

Chapter 19: The Battle Decided?

• Idea politicians
• The whole world watches
• A century comes full circle
• The battle decided for good?