How to prevent the next crisis according to HAYEK

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  • เผยแพร่เมื่อ 8 ก.ย. 2024
  • You've probably heard that in an economic recession the government must intervene to help the economy recover and sustain employment. However, there is an economic trend that argues that it is precisely state intervention that causes economic crises.
    Friedrich von Hayek, was an economist who belonged to this current called the Austrian School. Hayek won the Nobel Prize in Economics in 1974 for his theory that explains why it is precisely state intervention that causes economic cycles.
    Why does the economy go into recession?
    What is the best policy for getting out of an economic crisis?
    Music:
    Whatdafunk by Audionautix is licensed under the Creative Commons Attribution license (creativecommon...)
    Artist: audionautix.com/

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