The debate between Keynes and Hayek is about a very important economic issue : To what extent

should the government intervene in the market? The debate focused on supply and demand,
employment rates, and the government intervention.

Keynes's opinion is to use financial policies,more money spending and government intervention to
influence the market economy. He believes that government intervention can reduce the instability
of the market economy and overcome the economic crisis.
Keynes believed that a country's economy is all about whether demand is sufficient. “ Spending‘s the
life blood that gets the flow going.”He thinks more spendings can stabilize the economy.
Government intervention and control of the market make people to increase consumption and
investment. When investment increases, the company will have money to buy labor resources
thereby increasing the employment rate.

As Hayek said in the battle: economy is organic. He believes that the market economy can control
and regulate itself and maintain the equilibrium, and the government's excessive intervention will
lead to the disallocation of resources, which is not good for economic development in a long run.
“People aren’t chessman you can move on board at your whim, their dreams and desires ignored.”
Hayek believes everyone should be respected as an independent person, choosing their own
opinions, and way of life. He thinks that the Keynes method does not respect the willing of
consumers, violates personal freedom, and will eventually lead to The Road to Serfdom..