Assignment
Watch the following youtube video and answer the questions.
"Masters Of Money | Part 1 | John Maynard Keynes"
1) According to Frederick Hayek the capitalist system funcitoned as an organic entity with market interactions taking place in natural order.This functioning required prices be_______________________?
2) According to Hayek government intervention in the conomy of any kind was bad because it distorted______?
3) According to Hayek what was the central cause of the Great Depression?
4) According to Hayek, what should have been the solution to th GD?
5) Immediately after WWII WHO won the argument about the role of government in the economoy?Keynes or Hayek?
6) WHO was the first US president to introduce free market policies in the same way as Margaret Thatcher?