Keynes vs Hayek

In the world of economic study there are many different schools of thought, but two influential economists have steered the way for modern economics. John Maynard Keynes and Friedrich August Hayek were both pioneers of the early twentieth century. They developed economic theory that would shape polarizing sections of the economic belief. Keynes was a product of King’s College, Cambridge and his general theory was an examination of the economic forces behind the Great Depression. But while Keynes was developing his own theory on employment and interest rates, Hayek was doing much of the same. Hayek was an Austrian native Continue reading Keynes vs Hayek