Friedrich Hayek

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This person was awarded a Nobel Prize
Friedrich August von Hayek
Full name Friedrich August von Hayek
Era 20th-century philosophy
Region Western Philosophy
School Old Whig, Classical liberalism and Austrian School
Main interests Economics, social philosophy, political philosophy, philosophy of mind
Notable ideas Economic calculation problem, Catallaxy, Extended order, Dispersed knowledge, Spontaneous order

Friedrich August von Hayek, CH (8 May 1899– 23 March 1992) was an Austrian-British economist and political philosopher. He became known because he strongly defended liberalism and free-market capitalism. He was against any form of socialism or collectivism.

He is thought of as one of the most important economists and political philosophers of the twentieth century.[1] He was one of the most important members of the Austrian School of economics. He also had many ideas in the fields of jurisprudence and cognitive science. He shared the 1974 Nobel Prize in Economics with his rival Gunnar Myrdal. The award was for their work in the theory of money and economic fluctuations and for their analysis of the inter-dependence of economic, social and institutional phenomena.[2] He also received the U.S. Presidential Medal of Freedom in 1991.[3] He is thought to be one of the major causes of change from the interventionist and Keynesian policies of the first part of the 20th century back towards classical liberalism after the 1980s.

Main books[change | edit source]

Volume I. Rules and order, 1973.[4] ISBN 978-0-226-32086-1
Volume II. The mirage of social justice, 1976.[5] ISBN 978-0-226-32083-0
Volume III. The political order of a free people, 1979.[6] ISBN 978-0-226-32090-8

Related pages[change | edit source]

References[change | edit source]