On What Grounds Did the Austrian-Born Economist Friedrich A

question 59

Multiple Choice

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 was convinced that even the best intentioned government planning efforts would threaten individual liberties.
• D) He reasoned that economic planning during the war had almost cost the United States its victory.

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Definitions:

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or psychological means.

Frustration Aggression Hypothesis

A psychological theory suggesting that aggression is often the result of experiencing frustration from blocked goals or desires.

Electric Shocks

The application of electrical current to the body, often used in psychological experiments to study fear or pain responses.

Displacement

Displacement is a psychological defense mechanism where an individual redirects their emotions or reactions from the original source of distress to a more acceptable or less threatening target.