AGGREGATES – Hayek on Keynes    2012   Mr. Keynes’s Aggregates  Concealing the mechanisms of change.   by   Steven Horwitz One of F. A. Hayek’s most accurate, and oft-repeated, lines about John Maynard Keynes comes from a review of Keynes’s 1930 book, A Treatise on Money.  Hayek wrote: “Mr. Keynes’ aggregates conceal the most fundamental mechanisms of change.”  That Austrian macroeconomics … Continue reading AGGREGATES – Hayek on Keynes