Question

Hayek believed that the economy could be hard to measure because

Answer 1

The reason why they believed that was at that time there were no tools to measure that and at that time no rulers were appointed to carry out such tasks.

Answer 2

Hello friend,

Hayek believed that the economy could be hard to measure because in his experience, the more the state planned for economic growth, the more difficult it became for the individual to indulge economically and no significant change could occur. He was the holder of economic science award holder and believed in the opinion that the government can only do a little to ease the economic pain of the citizens. It is hard to measure because in his time, the tools and methods to measure the key factors to measure the up rise or decline of economy were absent were not yet discovered. SO it seemed difficult and a task at large at that point in time.

Thanks