socialist economists

Why Is Friedrich Von Hayek Against Government Intervention?

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Why Is Friedrich Von Hayek Against Government Intervention? According to (Milton Friedman, Friedrich von Hayek, Adam Smith), self-interest and competition act as (an invisible hand, a motivator, a regulator), guiding firms in a market-based economy. Why was Friedrich von Hayek against government intervention in an economy? … It would improve the economy’s situation. Why did

What Did Hayek Say About Socialism?

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What Did Hayek Say About Socialism? “Socialism”, as Hayek used it, refers to state socialism and is used to mean state control of the economy, not a welfare state. “Classical liberal ideals”, means liberty, freedom and individual rights, as Hayek understood them. What did Friedrich Hayek think about free enterprise and socialism? Friedrich Hayek believed