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3 years ago

Why was Friedrich von Hayek against government intervention in an economy?

Social Studies

2 answers:

Lera25 [3.4K]3 years ago

8 0

It would raise the price of goods and services.

Firlakuza [10]3 years ago

7 0

Answer:

Because he believed that government intervention in the economy would only serve to cause inflation and postpone the recession.

Explanation:

Friedrich August von Hayek was an Austrian economist and is considered one of the founders of the Austrian school of economic thought. He was noted for his defenses about economic liberalism, and for his theses about the role of government in the economy.

Although a moderate socialist who did not advocate armed revolutions, he was a keen enthusiast of state control in the economy. However, influenced mainly by the ideas of the economist von Months, Hayek later came to admit his flawed thinking and became a great advocate of liberalism.

The economist's main idea was that the economy should function freely and without state intervention. According to him, a central (state) planner, even if well intentioned, would be destined for failure. This is because, as an economy is very dynamic, the planner could never make the best decisions for all individuals.

Thus, she argues that individuals should be responsible for economic decisions. Being that each individual would specialize where it had greater degree of knowledge. Thus, according to him, the economy would move towards long-term development. The economy would adjust mainly according to variables, the main one being the price.

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Oksanka [162]

Answer:

To harrass

Explanation:

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3 years ago

What do the words absolute Despotism mean as they are used in paragraph 2?

netineya [11]

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2 years ago

Jessie is hanging out with her friends when one of them pulls out a joint (marijuana). Although Jessie doesn’t really want to pa

Nonamiya [84]

As Jessie is not interested in marijuana, she can refuse it with a smile or suggest something else.

<u>Explanation</u>:

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Overdose of marijuana can cause short-term and long-term effects.

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2 years ago

The approach to psychology that focuses on the organization of perception and thinking in a "whole" sense:___________

kotykmax [81]

Answer:

Gestalt perspective

Explanation:

Gestalt psychology was proposed by Kohl-er Koffa and Wertheimer. The meaning of this German word gestalt means the whole picture at once. It is the school of psychology that perceives the whole world at once. Sometimes it is also called the simplest form of psychology. Gestalt psychology explained that the whole object is more important than the sub-part of an object. It describes the unique perception of an object. Proximity, similarity, closure, figure and ground some are the form of Gestalt psychology.

Thus here Gestalt psychology is the psychology that focuses on the organization of perception and the thinking as a whole.

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3 years ago

when law-abiding citizens carry concealed weapons, they are better able to defend themselves against criminal attack. This is th

kolezko [41]

Answer: Private benefit; external benefit

Explanation:

Citizens are faced with divers scenario where they have been threatened by guns, the gunmen understand that in some of those scenario they victims where unarmed and other scenario they are armed. When law abiding citizens carry gun to protect themselves from this gunmen it is understood to be a Private benefit of concealed carrying while this also reduces the ability of the criminals to attack them, this is known as external benefit of concealed carry.

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3 years ago