How the clash between John Maynard Keynes and Friedrich Hayek has defined modern economies.

Photo by Kyle Glenn on Unsplash

Economics is sometimes said to be a question of morality, not the mechanics of decision-making behaviour. The clash the titans of economics, Hayek and Keynes, has been central to defining economic policy as morally based. To spend more in a time of need to feed the poor or to let an invisible hand of the market do its work. I’d like to…