Friedrich August Hayek (May 8, 1899 – March 23, 1992) was an Austro-Hungarian born economist and philosopher best known for his classical liberal apologetics. In 1974, Hayek was awarded the Nobel Memorial Prize in Economics along with Gunnar Myrdal, “for his pioneering work in the theory of money and economic fluctuations and for his penetrating analysis of the interdependence of economic, social and institutional phenomena.”
Fun Fact: Hayek served as an officer during WWI and then went on to choose economics because of his desire to improve social conditions, namely the poverty of postwar Vienna.
To learn more about economic freedom and other ideas that Hayek proposed, apply to one of our Summer Seminars!
Fear of the Boom and Bust - Keynes vs. Hayek Round 1
Fight of the Century - Keynes vs. Hayek Round 2