FAQ About Friedrich Hayek
How did Hayek's thought contrast with that of Keynes?
Friedrich Hayek's economic thought contrasted sharply with that of John Maynard Keynes. While Keynes advocated for active government intervention to manage economic cycles and promote employment through fiscal and monetary policies, Hayek opposed these measures, arguing that they would lead to economic inefficiencies and loss of freedom. Hayek favored market-driven solutions and believed government interference disrupted the natural equilibrium of free markets, causing more harm than good.
