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