HARVARD UNDERGRADUATE THESIS ON HAYEK

Tyler Goodspeed (History and Economics)

ABSTRACT:

“Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection”

This thesis deals with the theoretical contest between J.M. Keynes and Friedrich Hayek over the origins of the business cycle. I contend that although Hayek’s Austrian business cycle theory offered a more promising link to the growth-theoretic long run . . . → Read More: HARVARD UNDERGRADUATE THESIS ON HAYEK

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Any attempt to control prices or quantities of particular commodities deprives competition of its power of bringing about an effective co-ordination of individual efforts, because price changes then cease to register all the relevant changes in circumstances and no longer provide a reliable guide for individual’s actions. — F. A. Hayek

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