Spantig, Kristina2025-05-292013https://epflicht.bibliothek.uni-halle.de/handle/123456789/3805747317216urn:nbn:de:gbv:3:2-631882477748This paper scrutinizes the debate of Keynes and Hayek concerning the adequate re- sponse to economic crises from a historical perspective. In a first step the develop- ment of the Keynesian economic theory, its ascent during the Great Depression and its use during financially sound times is analyzed. In a second step the Hayekian cri- tique to discretionary government intervention and its long run consequences is scru- tinized. In the last step it is analyzed why, in the wake of a crisis, short-run oriented Keynesian therapy dominates long-run Hayekian therapy as in the most recent crisis.Online-Ressource (PDF-Datei: 33 S., 0,9 MB) : graph. Darst.enghttp://rightsstatements.org/vocab/InC/1.0/330Book