CAS200Y1 Lecture : CAS320 Notes.docx

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Moved to england in the rise of nazis: states in 1940s. Not really had a full time job. Taught economics in columbia for several years. Late 40s and early 50s: us under fauvism, a christian, wife hungarian women. 1953 retired: went back to pickery, died in toronto western hospital. Born 3 years before jon maynard keynes 1883-1941: known for business economics cycle, market is capable of self regulation, prices afflicted. Crises of liberal capitalist socioeconomic system, late 1910s-1930s: broader historical diagnosis of development congruism, rise of facism, first ww, great depression, rise of faciasm, challenge of communism and working-class movements in the 30a- Social political responses to the crises: alternatives. Austrian school of economics: reassertion of neo-classical liberal economics: ludwig von mises 1881-1973, friedrich von hayek 1899-1992. Friedrich von hayek the road to serfdom. Societal price and consequences of progress or improvement : dislocation and disruption.

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