Contents
Friedrich Hayek
Explaining the role of dispersed knowledge in markets and arguing against central planning.
The Road to Serfdom · The Use of Knowledge in Society
- Born
- 8 May 1899
- Birthplace
- Vienna, Austria
- Died
- 23 March 1992
More people
Friedrich Hayek
Friedrich Hayek was an Austrian-born economist and political thinker. He shared the 1974 economics Nobel memorial prize with Gunnar Myrdal and became influential in debates over markets and the state.
Early life
Vienna childhood
Grew up in an academic family with interests in science.
War and study
Served in the First World War before earning doctorates in law and political studies in Vienna.
Career
- 1920s–1930s
Economics research
Worked in Vienna before joining the London School of Economics.
- 1950–1962
Chicago
Taught social and political thought at the University of Chicago.
- 1960s–1980s
Later European work
Returned to Europe and continued writing on law, markets and liberty.
Selected work
The Road to Serfdom
Argued that extensive central planning threatened political freedom.
The Use of Knowledge in Society
Explained how prices can coordinate information held by many people.
Economics Nobel memorial prize
Shared recognition for work on monetary fluctuations and institutional relationships.
Beyond work
Mont Pelerin Society
Helped establish the international discussion group in 1947.
Psychology
Also wrote about perception and the mind in The Sensory Order.
Sources & photo credit
Life, career and references ↗Institutional source ↗Photo: The original uploader was DickClarkMises at English Wikipedia .. CC BY-SA 3.0 · Original image. Cropped and displayed in monochrome.
