Contrasting Theories of Keynes and Hayek

Analyze the contrasting views of Keynes and Hayek on sound economics and the role of government.

To answer the question, explore the debate between Keynes and Hayek. Is savings harmful or beneficial to the economy? Contrast the two views on this issue. Without government intervention, would the economy fluctuate more or less over the business cycle? Can government intervention generally be counted on to act more like a benevolent social planner, fixing problems with the best interest of citizens as the goal, or will government tend to cater toward special-interest groups at the expense of the general public?