F. A. Hayek
Friedrich August von Hayek CH (8 May 1899 – 23 March 1992) was an Austrian-British economist and political philosopher known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought in the mid-20th century. He is considered to be one of the most important economists and political philosophers of the twentieth century. One of the most influential members of the Austrian School of economics, he also made significant contributions in the fields of jurisprudence and cognitive science. He shared the 1974 Nobel Prize in Economics with ideological rival Gunnar Myrdal “for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.” He also received the U.S. Presidential Medal of Freedom in 1991. He is considered to be one of the major forces of change from the dominant interventionist and Keynesian policies of the first part of the 20th century back towards classical liberalism after the 1980s.
Related Freeman Articles
His ideas, like the phenomena they describe, are still emerging
NOVEMBER 04, 2014 by THE FREEMAN
Forty years after Hayek won the Nobel Prize in economics, he is coming to be understood as much more than an economist. Who will stand on his shoulders next?
Hayek’s “Pretense of Knowledge” 40 Years Later
OCTOBER 15, 2014 by DEVON DOWNES
In his Nobel lecture, F.A. Hayek explained why the social sciences must be conducted with humility. Intellectuals and political elites are still ignoring him.
How the Austrian economist’s Nobel Prize changed the world
OCTOBER 09, 2014 by B.K. MARCUS
Despite everything wrong with the Nobel Prize in Economics, it brought F.A. Hayek's work back to life.
We must stand humble before complexity and order without planning
SEPTEMBER 29, 2014 by JEFFREY A. TUCKER
The revelation hit me like a truck: This is an order that no one can possibly comprehend in either its totality or its parts, and, as such, an order that no one can possibly control.
NOVEMBER 14, 2012 by SANDY IKEDA
Freeman readers know markets excel at creating new efficiencies and improving everyone's lives in the process. The inefficiencies they create might be even more interesting, says Sandy Ikeda.
Great Austrian works of the twentieth century
SEPTEMBER 20, 2012 by STEVEN HORWITZ
Many of the themes that characterize Austrian economics since its revival in the mid-1970s emerged from these essays.
Georgette Heyer, A Civil Contract, original publication date, 1961
SEPTEMBER 11, 2012 by SARAH SKWIRE
What gets Adam and Jenny out of the fix in which they find themselves, and what brings them to the happiest ending possible for a couple brought together in such unpromising fashion, is F. A. Hayek.
The market isn't free.
AUGUST 17, 2012 by SHELDON RICHMAN
The freedom philosophy is a radical idea that looks ahead, rather than to some mythical golden era or Panglossian present. Every time we pass up an opportunity to make this point, we alienate potential allies.
JULY 08, 2013 by STEVE PATTERSON
Keynes suggested that saving your money might hurt the economy, as it lowers aggregate demand. Fear not. You aren't actually hurting anyone else by filling up your piggy bank. In fact, this consumerist viewpoint gets the story of economic growth entirely backward.