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Episode One: 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
  • Socialism turned back
 
Chapter 19: The Battle Decided?
  • Idea politicians
  • The whole world watches
  • A century comes full circle
  • The battle decided for good?
 


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