On what grounds did the Austrian-born economist Friedrich A Hayek reject the

Question

On what grounds did the Austrian-born economist Friedrich A. Hayek reject the New Deal state?

a. In all its details, he thought it indistinguishable from National Socialism.

b. The American consumer economy, he thought, lacked the complexity that required economic planning.

c. He argued that even well-intended government plans threatened individual liberties.

d. He reasoned that economic planning during the war had almost cost the United States its victory.

e. He worried that the New Deal would eventually assist African-Americans in achieving equality.

ANS: C TOP: The American Dilemma

DIF: Difficult REF: Full p. 869 | Seagull p. 883

MSC: Applying OBJ: 3. Discuss the visions of Americas postwar role that began to emerge during the war.

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