Meaning of Hayekian | Babel Free

Definitions

Of or pertaining to the economic theories of Friedrich Hayek.

not-comparable

Examples

“Except to Hayekian fanatics, it seems obvious that the coordinated global stimulus of 2009 stopped the slide into another Great Depression.”

“Although Keynes focused on investment, not pricing decisions, the beauty contest analogy implicitly refers to the same key elements that govern departures from the Hayekian benchmark: forward-looking investment decisions which require agents to forecast future market conditions, complementarities that introduce a need to forecast other investors’ expectations, and the focus on stock markets in which there tends to be a significant and persistent common value component.”

CEFR level