Sylvia Nasar: Joseph Schumpeter and Hayek - Keynes' Challengers (4/5)

The transcript discusses the economic challenges and theories post-WWI, focusing on figures like Keynes, Fisher, and Hayek. It explores hyperinflation, monetary reform, and critiques of government intervention. Hayek's early career as a critic of Keynes and his eventual shift to information economics are highlighted. The impact of FDR's policies on the US economy and Keynes's disagreements with his disciples are also covered.

What was Hayek's contribution to economics after he abandoned his theoretical challenge to Keynes?

How did Hayek's views evolve regarding government responsibility in fighting unemployment?

What criticisms did Keynes have towards American Keynesians during his career?