Keynes and Hayek Essay - 332 Words.
Keynes versus Hayek There are differences between Keynes and Hayek on the role of savings in the economy. Keynes believed that it was a waste to save money, it only lead to destruction and prevent economic growth.Conclusion Friedman vs. Keynes The discipline of macroeconomics deals with the performance, structure, and behavior of a national economy as a whole. Macroeconomists seek to understand the determinants of aggregate trends in an economy with particular focus on national income, unemployment, inflation, investment, and international trade.The clerk dotes on Keynes, treating him like the star he is. Keynes arrogantly announces that he needs no agenda because he is the agenda. Meanwhile, Hayek humbly notes his presence. The person behind the desk has never heard of him. This captures the ethos of the 1930s to the present: the world-famous Keynes vs. the unknown Austrians.
Hayek Vs. Keynes Friedrich Von Hayek and John Maynard Keynes were very credited economists of the early 1900’s. They both had different ideas on how the government should run regarding capitalism. While Hayek believed that the government should have a laissez-faire type of policy, Keynes did not.John Maynard Keynes Versus Friederich A. Hayek. 593 Words 3 Pages. Two major economic thinkers of the of the early twentieth century, John Maynard Keynes and Friedrich A. Hayek, hold very different economic viewpoints. Keynes is among the most famous economic philosophers. Keynes, who's theories gained a reputation during the Great Depression in the 1930s, focused mainly on an economy's bust.
The biggest difference between Keynes and Hayek was that Keynes seemed to treat money as the most important fundamental of the economy, as if it was the goal of economics to get more money, as if money itself was wealth. Also, simple economic acti.
