What is Planned Economics and What is the Free Market? What are the ideas of Keynes and Hayek?

Planned vs. Free Market

1. What is Planned Economics and What is the Free Market?
2. What are the ideas of Keynes and Hayek?
3. How well and where has Keynes Ideas been implemented?
4. How well and where has Hayek Ideas been implemented?
5. Overall which has proven to be the most successful and why do you make the claim that it is the most successful Economic System.

What is Planned Economics and What is the Free Market? What are the ideas of Keynes and Hayek?
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