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Who was Friedrich Hayek?
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Friedrich August von Hayek CH FBA (/ ˈ h aɪ ə k / HY-ək, German: [ˈfʁiːdʁɪç ˈʔaʊɡʊst fɔn ˈhaɪɛk] ⓘ; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British academic, who contributed to economics, political philosophy, psychology, and intellectual history.
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
Friedrich Hayek was born in Vienna, Austria, on May 8, 1899. He attended the University of Austria where he obtained doctorates in both law and political science in 1921 and 1923, respectively. He also completed postgraduate work at New York University in 1924. Hayek founded the Austrian Institute for Business Cycle Research and served as its direc...
Friedrich Hayek and Gunnar Myrdaleach won the Nobel Prize in Economic Sciences in 1974 "for their pioneering work in the theory of money and economic fluctuations and their penetrating analysis of the interdependence of economic, social, and institutional phenomena."
Hayek is considered a major social theorist and political philosopher of the 20th century. His theory on how changing prices relay information that helps people determine their plans is widely regarded as an important milestone achievement in economics. This theory is what led him to the Nobel Prize.
- Will Kenton
Sep 15, 2012 · Hayek worked in the areas of philosophy of science, political philosophy, the free will problem, and epistemology. For all that, Hayek was more hedgehog than fox. His life’s work, for which he won a Nobel Prize in Economics in 1974, illuminated the nature and significance of spontaneous order.
Apr 25, 2024 · F.A. Hayek (born May 8, 1899, Vienna, Austria—died March 23, 1992, Freiburg, Germany) was an Austrian-born British economist noted for his criticisms of the Keynesian welfare state and of totalitarian socialism.
Hayek was the best-known advocate of what is now called Austrian economics. He was, in fact, the only major recent member of the Austrian school who was actually born and raised in Austria. After World War I, Hayek earned his doctorates in law and political science at the University of Vienna.
Mar 23, 1992 · Friedrich von Hayek was born in Vienna, Austria. He earned doctorates in law and political science in 1921 and 1923 at the University of Vienna. He founded and served as director of the Austrian Institute for Business Cycle Research before joining the London School of Economics in 1931.
Hayek was the best-known advocate of what is now called Austrian economics. He was, in fact, the only major recent member of the Austrian school who was actually born and raised in Austria. After World War I Hayek earned his doctorates in law and political science at the University of Vienna.
