Have them provide the context for the Keynesian and Hayekian approaches. -Keynes is basing his theory on the British experience during the interwar years and Great Depression to advocate for macro stimulus and the provision of social welfare in response to weak aggregate demand and persistent high levels of unemployment Hayek has a different experience while living in Austria during that same period. Hayek will live through hyperinflation and currency devaluation leading into the Depression and the rise of the Nazi Party which will use economic stimulus in conjunction with the fascist takeover of Germany They are both responding to their own experiences