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Fantom [35]
2 years ago
8

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

History
2 answers:
mash [69]2 years ago
7 0

Friedrich August von Hayek (Vienna, May 8, 1899 - Freiburg, March 23, 1992) was an Austrian philosopher, jurist and economist. Exponent of the Austrian School, disciple of Friedrich von Wieser and Ludwig von Mises. <u><em>He is known mainly for his defense of liberalism and for his criticism of the planned economy and socialism, which, as he maintains in The Road to Serfdom, considers a danger to individual freedom that leads to totalitarianism.</em></u>

tia_tia [17]2 years ago
6 0
For F<span>riedrich Von </span>Hayek, less government intervention meant more economic freedom. He believed that if  people are free to choose, then the economy runs more efficiently. 
Thus, it would improve the economy's situation.
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