Question

What were the ideas of Friedrich Hayek

Answer 1

Answer:

Hayek had a different idea: for him, the solution to the problem that the state could, in principle, print an infinite amount of money if it is in the hands of the government, would be, putting it a little crudely, to simply privatize the money, i.e. denationalize it.

Explanation:

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Answer 2

Answer:

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Explanation:

$After the British depression of the 1920s,Hayek promoted the idea that private investment, rather than government spending, would promote sustainable growth. In 1974Hayek won the Nobel Prize for Economics for his pioneering work in the theory of money and economic fluctuations$

$Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics.At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law (1921) and in political science (1923). He subsequently lived and worked in Austria, Great Britain, the United States, and Germany; he became a British subject in 1938. Hayek's academic life was mostly spent at the London School of Economics, the University of Chicago, and the University of Freiburg. Although he is widely considered as a leader of the Austrian School of Economics, he also had close connections with the Chicago School of Economics.Hayek was also a major social theorist and political philosopher of the 20th century. His most notable work, The Road to Serfdom, has sold over 2 million copies$

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