Using your own words, explain Hayek’s and Friedman’s views on the state's role in the economy? Do they have similar arguments for this role? Use as your main references Friedman and Friedman (1980) and Hayek (1975 and 2005).Tackling an essay question that would most likely come out in one of my exams, can anyone give me a hand with this? I just need some pointers on how to plan Very much appreciated. Created by Kayleigh-Anne. social-science-en - economics-en

Explain Hayek’s and Friedman’s views on the state's role in the economy?

a million. do you opt to gloat relating to this sort of jobs that they convey, minimum salary jobs and that they war against raising the minimum salary. 2. the economic equipment suffers because of the fact the 1st ingredient this is complete, is corps. start to place off workers. corps artwork no longer undemanding to guard consistent with share income, base line salary. the economic equipment does not choose wealthy purchasers, they choose Joe elementary to maintain spending and the traditional Joe does not have this sort of money that the precise earners might desire to blow on extravagant issues. 3. in case you look at it from yet another factor, ninety% of wealth is controlled via 5% of the inhabitants and yet they do no longer create this sort of jobs that have raised the point of living for the middle type or the working adverse. 4. to paraphrase the financial corporation robber willie sutton, the wealthy get taxed on the grounds this is the place the money is and via any degree they are under taxed in assessment to their wealth. maximum open minded human beings see that the sport is tilted to wish the monied and the properly linked and the well being of the economic equipment is now no longer pondered via wall highway, yet via significant highway and the image that joe elementary depicts.