Even though John Maynard Keynes and Hayek were friends and colleagues at University of Cambridge, their perspectives of government were completely opposite. John Maynard Keynes who promoted the idea that the government could actively and successfully manage the economy. On the other hand, Hayek stated that the economy Is too complicated in the information needed to make decisions to decentralized for centrally planned economy to be efficient or effective. Hayek was relegated to the sidelines. The Road to Serfdom. In 1950, Hayek moved to the University of Chicago and he published his second major work, which is The Constitution of Liberty. In 1991, the collapse of the Soviet Union indicated Hayek’s notion that central planning by government