@article{article_460686, title={Keynes Versus Hayek: on the Appropriateness of Government Intervention in Markets}, journal={Finansal Araştırmalar ve Çalışmalar Dergisi}, volume={10}, pages={166–176}, year={2018}, DOI={10.14784/marufacd.460686}, author={Yılmaz, Mehmet Levent and Keskin, Hüseyin Atakan}, keywords={John Maynard Keynes,Friedrich Von Hayek,State Intervention In The Market Place,Free-Market,Keynesian Theory}, abstract={In keeping with the pattern of the last century, today we observe staunch and oftentimes vociferous opposition <br>to even the prospect of state intervention in the market place to either curtail recessionary downturns <br>or mitigate the corollaries of market failure. To whom or to what is this knee-jerk revulsion to government <br>interference attributable? Is it justified? And what is the role of government in the contemporary <br>economy? Figures that have dominated this hemisphere of thought include free-market advocates such as <br>Friedrich von Hayek. On the other end of the spectrum, personalities like John Maynard Keynes challenged <br>fundamentally the idea that market economies will automatically adjust to create full employment, in the <br>process setting the parameters of a debate that rages on into the contemporary era. <br>}, number={18}, publisher={Marmara Üniversitesi}