After watching these videos provide a short summary. Make sure to identify the main ideas behind Austrian School of economics as they relate to money, savings and investment. According to Hayek, what is the main cause of business cycles in the economy?

The Austrian School of Economics
Today we will briefly explore the Austrian Schools of Economics (https://www.youtube.com/watch?v=r44S_biFKGQ) and the Theory of Saving and Investment. Before watching that video, I recommend that you familiarize yourself with the political philosophy of Friedrich Hayek(https://www.youtube.com/watch?v=SHsCkinrCPE), whose views were in sharp contrast to the Keynesian view of active economic management. After watching these videos provide a short summary. Make sure to identify the main ideas behind Austrian School of economics as they relate to money, savings and investment. According to Hayek, what is the main cause of business cycles in the economy?

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