Friedman Vs Hayek. Hayek s constitution of liberty 1960 and friedman s capitalism and freedom 1962 are rightly seen as companion volumes. Hayek economic theory and keynesian economic theory are both schools of thought that employ different approaches to defining economic concepts.
Hayek and milton friedman were at the same time soul mates and adversaries. She in part blames him and others as well including milton friedman and james buchanan for. Answered 2 years ago.
Hayek believed that when it came to money milton friedman was still a keynesian not on monetary theory but on methodology he milton friedman was one of the apostles of macroeconomics his theories on money were based on the supposed regularities between statistical magnitudes.
By contrast hayek s monetary theory and the trade cycle 1928. The two schools of economic theory are quite different to each other and the following article provides a clear outline of what each school of thought is and how they differ to each other. The leading theorist of modern right wing political movements was an austrian economist called friedrich hayek. For more on this and other great thinkers s.
