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Natali5045456 [20]
3 years ago
10

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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3 years ago
______typically occurs when an individual experiences a loss of memory for experiences that occurred shortly before a loss of co
Katarina [22]

Answer:

Retrograde amnesia

Explanation:

In psychology, when you suffer an injury, loss of consciousness or start having a disease (like dementia) you can get retrograde amnesia, which is the phenomenon by which you forget the events that took place just before the injury.

As opposed to the anterograde amnesia in which you forget the events that take place after the injury and therefore they cannot be stored into the long-term memory.

In this example, we are asked for the phenomenon that occurs when an individual experiences a loss of memory for experiences that occurred shortly before a loss of consciousness. Thus, this would be retrograde amnesia.

5 0
3 years ago
The 193rd Special Operations Wing of the Pennsylvania Air National Guard provides the only _____ platform in the Department of D
Flauer [41]

Answer:

airborne psychological operations

Explanation:

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Since WW2 until today, the 193rd Special Operations Wing continues this  tradition of maintaining the only airborne psychological operations broadcasting platform for the entire U.S. military.

8 0
3 years ago
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77julia77 [94]

Answer: False

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Vlad1618 [11]
They Decided To Require Several Kinds Of Taxes From The Colonists To Help Pay For The French & Indian War .
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