Austrian-British economist and philosopher (1899–1992)
Friedrich Hayek
CH FBA
Born
Friedrich August von Hayek
(1899-05-08)8 May 1899
Vienna, Cisleithania, Austria-Hungary
Died
23 March 1992(1992-03-23) (aged 92)
Freiburg im Breisgau, Baden-Württemberg, Germany
Citizenship
Austrian (1899–1938) British (1938–1992)
Education
University of Vienna (Dr. jur., 1921; Dr. rer. pol, 1923)
Spouses
Helen Berta Maria von Fritsch
(m. 1926, divorced)
Helene Bitterlich
(m. 1950)
Children
Christine Maria Felicitas von Hayek (daughter) Laurence Hayek (son)[1]
Parent(s)
August von Hayek (father) Felicitas von Juraschek (mother)
Relatives
Gustav von Hayek (grandfather)
Ludwig Wittgenstein (cousin)
Academic career
Institution
London School of Economics (1931–1950)
University of Chicago (1950–1962)
University of Freiburg (1962–1968; 1978–1992)
University of Salzburg (1969–1977)
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Hayek–Hebb model
Awards
Nobel Memorial Prize in Economic Sciences (1974)
Member of the Order of the Companions of Honour (1984)
Presidential Medal of Freedom (1991)
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Friedrich August von HayekCH FBA (/ˈhaɪək/HY-ək, German:[ˈfʁiːdʁɪçˈʔaʊɡʊstfɔnˈhaɪɛk]ⓘ; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British polymath, whose areas of interest included economics, political philosophy, psychology, and intellectual history.[2][3][4][5] Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena.[6] His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize.[7][8][9]
During his teenage years, Hayek fought in World War I. He later said this experience, coupled with his desire to help avoid the mistakes that led to the war, drew him into economics.[10][11] He earned doctoral degrees in law in 1921 and political science in 1923 from the University of Vienna.[10][12] He subsequently lived and worked in Austria, Great Britain, the United States, and Germany. He became a British citizen in 1938.[13] His academic life was mostly spent at the London School of Economics, later at the University of Chicago, and the University of Freiburg. He is widely considered a major contributor to the Austrian School of Economics.[14][15]
Hayek had considerable influence on a variety of political movements of the 20th century, and his ideas continue to influence thinkers from a variety of political backgrounds today.[16][17][18] Although sometimes described as a conservative,[19] Hayek himself was uncomfortable with this label and preferred to be thought of as a classical liberal.[20][21] As the co-founder of the Mont Pelerin Society he contributed to the revival of classical liberalism in the post-war era.[22] His most popular work, The Road to Serfdom, has been republished many times over the eight decades since its original publication.[23][24]
Hayek was appointed a Member of the Order of the Companions of Honour in 1984 for his academic contributions to economics.[25][26] He was the first recipient of the Hanns Martin Schleyer Prize in 1984.[27] He also received the Presidential Medal of Freedom in 1991 from President George H. W. Bush.[28] In 2011, his article "The Use of Knowledge in Society" was selected as one of the top 20 articles published in the American Economic Review during its first 100 years.[29]
^"Laurence Hayek: Microbiologist who in later life commemorated his father's work". The Times: 31. 6 August 2004.
^Ebenstein, Alan O. (2003). Hayek's Journey : the mind of Friedrich Hayek (First Palgrave Macmillan ed.). New York: Palgrave Macmillan. ISBN 978-1403960382.
^Caldwell, Bruce (2004). Hayek's Challenge : an intellectual biography of F.A. Hayek. Chicago: University of Chicago Press. ISBN 0-226-09193-7.
^Schmidtz, David; Boettke, Peter (Summer 2021). "Friedrich Hayek". Stanford Encyclopedia of Philosophy.
^Gamble, Andrew (1996). Hayek: The Iron Cage of Liberty. Routledge. p. 1. ISBN 978-0-367-00974-8.
^Bank of Sweden (1974). "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974".
^Skarbek, David (March 2009). "F.A. Hayek's Influence on Nobel Prize Winners" (PDF). Review of Austrian Economics. 22 (1): 109–112. CiteSeerX 10.1.1.207.1605. doi:10.1007/s11138-008-0069-x. S2CID 144970753. Archived from the original (PDF) on 27 July 2011.
^"Friedrich August von Hayek – Facts". nobelprize.org. Retrieved 30 June 2017.
^Rothbard, Murray N. (28 January 2010). "Hayek and the Nobel Prize". Mises Institute. Retrieved 30 June 2017.
^ ab"Friedrich A. Hayek". Mises Institute. 20 June 2014. Retrieved 3 September 2019.
^"Keynes v Hayek: Giants of economics". BBC. 3 August 2011. Retrieved 4 September 2019.
^"The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974". NobelPrize.org. Retrieved 4 September 2019.
^Cite error: The named reference :3 was invoked but never defined (see the help page).
^"Aaron Director, Founder of the field of Law and Economics". www-news.uchicago.edu. Archived from the original on 11 March 2022. Retrieved 3 September 2019.
^"Commanding Heights : The Chicago School | on PBS". www.pbs.org. Retrieved 3 September 2019.
^Burczak, Theodore A. (12 October 2006). Socialism after Hayek. University of Michigan Press. ISBN 978-0472069514.
^"Conservatives Need to Reread Their Hayek". American Enterprise Institute – AEI. Retrieved 23 February 2023.
^van der Vossen, Bas (2022), "Libertarianism", The Stanford Encyclopedia of Philosophy (Winter 2022 ed.), retrieved 23 February 2023
^CLITEUR, PAUL B. (1990). "Why Hayek is a Conservative". ARSP: Archiv für Rechts- und Sozialphilosophie / Archives for Philosophy of Law and Social Philosophy. 76 (4): 467–478. ISSN 0001-2343. JSTOR 23681094.
^Caldwell, Bruce (1 September 2020). "The Road to Serfdom after 75 Years". Journal of Economic Literature. 58 (3): 720–748. doi:10.1257/jel.20191542. ISSN 0022-0515. S2CID 201350365.
^Hayek, Friedrich A. (2011). "Why I am not a Conservative". The Constitution of Liberty (Definitive ed.). The University of Chicago Press. ISBN 978-0-226-31539-3.
^Schrepel, Thibault (January 2015). "Friedrich Hayek's Contribution to Antitrust Law and Its Modern Application". ICC Global Antitrust Review: 199–216. SSRN 2548420.
^Ormerod, Paul (2006). "The fading of Friedman". prospectmagazine.co.uk. Retrieved 31 August 2019.
^Catlin, George (1944). "The Road to Serfdom". Nature. 154 (3911): 473–474. Bibcode:1944Natur.154..473C. doi:10.1038/154473a0. S2CID 4071358.
^"No. 49768". The London Gazette (Supplement). 16 June 1984. p. 4.
^Ebenstein 2001, p. 305.
^"Hanns Martin Schleyer-Stiftung / Stiftungs-Preise". Archived from the original on 25 February 2014. Retrieved 30 April 2013.
^George H.W. Bush (18 November 1991). "Remarks on Presenting the Presidential Medal of Freedom Awards".
^Arrow, Kenneth J.; Bernheim, B. Douglas; Feldstein, Martin S.; McFadden, Daniel L.; Poterba, James M.; Solow, Robert M. (2011). "100 Years of the American Economic Review: The Top 20 Articles". American Economic Review. 101 (1): 1–8. doi:10.1257/aer.101.1.1. hdl:1721.1/114169.
Friedrich August von Hayek CH FBA (/ˈhaɪək/ HY-ək, German: [ˈfʁiːdʁɪç ˈʔaʊɡʊst fɔn ˈhaɪɛk] ; 8 May 1899 – 23 March 1992), often referred to by his initials...
chronological list of books by the Austrian school economist and philosopher FriedrichHayek. The dates in brackets are the original year of publication of the...
the 1970s, the Austrian School attracted some renewed interest after FriedrichHayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar...
Mises' student FriedrichHayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission...
(Grundsätze der Volkswirtschaftslehre), 1871. Economist and philosopher FriedrichHayek (1899 – 1992) is another key figure in the Austrian School of Economics...
a book by the Austrian-British economist and philosopher FriedrichHayek. In the book, Hayek "[warns] of the danger of tyranny that inevitably results...
theories of economists working with the Mont Pelerin Society, including FriedrichHayek, Milton Friedman, Ludwig von Mises and James M. Buchanan, along with...
the son of naturalist Gustav von Hayek and the father of economist FriedrichHayek (1899–1992). In 1895 he obtained his medical doctorate from the University...
Laurence Joseph Hayek (Larry) (15 July 1934 – 15 July 2004) was an English microbiologist. He was the son of the economist FriedrichHayek (1899–1992). Laurence...
original on 2023-11-01. Retrieved 2023-11-01. von Hayek, Friedrich (10 December 1974). "Friedrich von Hayek: Banquet Speech". Nobel Foundation. Archived from...
particular interest in spontaneous order and related theories from Friedrich August von Hayek which emphasize the role and nature of knowledge. This often finds...
Nicholas Stern, Baron Stern of Brentford; Michael Lobban; M. R. James; FriedrichHayek; John Maynard Keynes; and Rowan Williams. List of fellows of the British...
thus unavoidably exist outside the knowledge of a central authority. FriedrichHayek described this distributed local knowledge as such: Today it is almost...
next generation of Austrian economists including Ludwig von Mises, FriedrichHayek and Joseph Schumpeter in the late 1890s and early 20th century. He...
The Constitution of Liberty is a book written by FriedrichHayek, first published in 1960 by the University of Chicago Press. Many scholars have considered...
1931, FriedrichHayek extensively critiqued Keynes's 1930 Treatise on Money. After reading Hayek's The Road to Serfdom, Keynes wrote to Hayek: "Morally...
in a world of scarce resources waste should be regarded as immoral. FriedrichHayek (1899–1992) made frequent contacts with many at the University of Chicago...
received the Nobel Memorial Prize in Economic Sciences along with FriedrichHayek for "their pioneering work in the theory of money and economic fluctuations...
as in the classic concept of socialism. Austrian School economist FriedrichHayek argued that a free price system allowed economic coordination via the...
economist Nicolaas Pierson, in 1920 by Ludwig von Mises and later by FriedrichHayek. The problem referred to is that of how to distribute resources rationally...
a 1976 book by FriedrichHayek, in which the author advocated the establishment of competitively issued private moneys. In 1978 Hayek published a revised...
Knowledge in Society" is a scholarly article written by economist FriedrichHayek, first published in the September 1945 issue of The American Economic...
music video "I'm in Love with FriedrichHayek", which lauded the philosophy of the Austrian economist FriedrichHayek and garnered commentary from the...
linked. In Capitalism and Freedom (1962), Friedman further developed FriedrichHayek's argument that economic freedom, while itself an extremely important...
entities. The MPS was created in Fall 1947 at a conference organized by FriedrichHayek during the International Trade Organization (ITO) drama of that year...