Keynes vs Hayek

If Keynes and Hayek were alive, what would be their formulas to overcome the crisis?
When the 1929 stock market crash plunged the world into chaos, two economists came forward to defend opposing views on how to restore economic equilibrium and return the Western world to the path of growth. John Maynard Keynes, the Cambridge economist, argued that the state had a duty to invest in public spending to reactivate the economy. In contrast, the Austrian school economist, Friedrich Hayek, considered that this solution would be useless and even dangerous. In this first confrontation, Keynes won and, as a result, Keynesian economic policy has been mostly applied for decades, during which there has been a period of unprecedented prosperity. However, many economists of various kinds and conservative political leaders have also successfully adopted antagonistic measures close to Hayek's vision. As a result of the 2008 economic and financial crisis, both currents are again topical. Supporters of each school define themselves, some on the need to implement Keynesian thinking to overcome the crisis, and others opt for lightening the weight of the State and thus reducing its expenses, such ...

If Keynes and Hayek were alive, what would be their formulas to overcome the crisis?
When the 1929 stock market crash plunged the world into chaos, two economists came forward to defend opposing views on how to restore economic equilibrium and return the Western world to the path of growth. John Maynard Keynes, the Cambridge economist, argued that the state had a duty to invest in public spending to reactivate the economy. In contrast, the Austrian school economist, Friedrich Hayek, considered that this solution would be useless and even dangerous. In this first confrontation, Keynes won and, as a result, Keynesian economic policy has been mostly applied for decades, during which there has been a period of unprecedented prosperity. However, many economists of various kinds and conservative political leaders have also successfully adopted antagonistic measures close to Hayek's vision. As a result of the 2008 economic and financial crisis, both currents are again topical. Supporters of each school define themselves, some on the need to implement Keynesian thinking to overcome the crisis, and others opt for lightening the weight of the State and thus reducing its expenses, such ...