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Compare and Contrast Keynesian and Hayekian (Austrian) Economics

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Introduction The Keynes-Hayek rivalry represents one of modern economics’ most profound intellectual clashes. The works of John Maynard Keynes and Friedrich Hayek present contrasting visions of how economies function and the role that governments should play in managing those systems. Whereas Keynesian economics proactively intervenes through government to bring about equilibrium to economies, particularly in […]

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