Friedrich Hayek, Date of Birth, Place of Birth, Date of Death


Friedrich Hayek

Austrian and British economist

Date of Birth: 08-May-1899

Place of Birth: Vienna, Austria

Date of Death: 23-Mar-1992

Profession: economist, historian, political scientist, university teacher, sociologist, philosopher

Nationality: Austria, United Kingdom

Zodiac Sign: Taurus

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About Friedrich Hayek

  • Friedrich August von Hayek ( HY-?k, German: ['f?i?d??รง '?a?g?st 'ha??k]; 8 May 1899 โ€“ 23 March 1992), often referred to by his initials F.
  • A.
  • Hayek, was an Austrian-British economist and philosopher best known for his defence of classical liberalism.
  • Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [...] penetrating analysis of the interdependence of economic, social and institutional phenomena".
  • His account of how changing prices communicate information that helps individuals co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics.
  • At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law (1921) and in political science (1923).
  • He subsequently lived and worked in Austria, Great Britain, the United States, and Germany; he became a British subject in 1938.
  • Hayek's academic life was mostly spent at the London School of Economics, the University of Chicago, and the University of Freiburg.
  • Although he is widely considered as a leader of the Austrian School of Economics, he also had close connections with the Chicago School of Economics.
  • Hayek was also a major social theorist and political philosopher of the 20th century.
  • His most notable work, The Road to Serfdom, has sold over 2 million copies (as of 2010).Hayek was appointed a Companion of Honour in 1984 for "services to the study of economics".
  • He was the first recipient of the Hanns Martin Schleyer Prize in 1984.
  • He also received the Presidential Medal of Freedom in 1991 from President George H.
  • W.
  • Bush.
  • 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.

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