8/3/2019 PM Keynes-Hayek Questions

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Economics Dr. Katie Sauer

Keynes vs Hayek NPRs Planet Money 10/28/2011

http://www.npr.org/blogs/money/2011/10/28/141802704/the-friday-podcast-keynes-vs-hayek

After listening to the podcast, answer the following questions.

1. What is theparadox of thrift?

2. In a nutshell, what is the major disagreement between Keynes and Hayek?

3. Explain John Maynard Keynes background.

4. Explain Friedrich Hayeks background.

5. Explain Keynes theory of government and the economy.

http://www.npr.org/blogs/money/2011/10/28/141802704/the-friday-podcast-keynes-vs-hayekhttp://www.npr.org/blogs/money/2011/10/28/141802704/the-friday-podcast-keynes-vs-hayek

8/3/2019 PM Keynes-Hayek Questions

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6. Explain Hayeks theory of government and the economy.

7. Explain which theory is correct.