Friedrich hayek biography summary worksheet
Friedrich hayek biography summary worksheet
Friedrich hayek biography summary worksheet 2!
Friedrich Hayek: It’s Better Not to Know It All
Any modern student of economics has had the chance to study the works of Friedrich Hayek.
Though he did not start the school of Austrian Economics, Friedrich Hayek was actually born in Austria and fought adamantly for its ideals in the 20th century.
Hayek studied the business cycle primarily, but was also interested in pricing systems and monetary theory.
Like his forefather, Adam Smith, Hayek believed that the free market did a much better job of regulating the economy than central planning.
Outside of the field of economics, you may have seen the popular EconPop video surrounding the relationship between Hayek and John Keynes, but more on this later.
Like many students of economics before him, Hayek dove into economic policy not for the fame and fortune, but to improve social conditions in society around him.
He wanted to improve employment and the market to help those who struggled.
This led him to study the business