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Research Friedrich Hayek or The Chicago School of Economics or Austrian Exonomics and compare to Keynes...

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Economics

Research Friedrich Hayek or The Chicago School of Economics orAustrian Exonomics and compare to Keynes theory

Expalin the general theory comparing to Keynes theories and Explainthe benefits and the disadvantages

Answer & Explanation Solved by verified expert
4.2 Ratings (515 Votes)
Austrian economic thought believed in the concept of Free Market They believed that nature should be allowed to run its course and government should not interven in the economic activities The economist believes that human and social elements plays an equal important roles in understanding prices    See Answer
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