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What were Friedman and Hayek's views on economic freedom?

Both Friedman and Hayek formulated conceptions of freedom that primarily revolve around the concepts of economic freedom and negative freedom. They often used the notion of economic freedom to defend their views pertaining to the superiority of ‘free’ market capitalism and the benefits of voluntary exchange.

Why did Hayek oppose state intervention?

Hayek opposed any form of State intervention designed to achieve material, intellectual and physical happiness and perfection. Any State interference that attempts to intervene in the private spheres of individuals would produce greater harm than benefit in terms of achieving freedom.

How did Friedman and Hayek defend the negative role of the state?

Friedman and Hayek defended the negative role of the State. They both believed that programmes and policies aimed at achieving an equality of outcome engendered increasing bureaucracy, the concentration of power in political hands, corruption, inefficiency, unproductivity, wastefulness and a loss of freedom.

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