Friedrich A. Hayek

Friedrich August von Hayek was born in Vienna in 1899 into a family of scholars. He served in the Austro-Hungarian army on the Italian front in the First World War, then earned doctorates in law and political science at the University of Vienna, where he came under the influence of the economist Ludwig von Mises. In 1931 he moved to the London School of Economics, where he debated John Maynard Keynes about money and business cycles, and he became a British citizen. During the Second World War he wrote The Road to Serfdom (1944), which argued that central economic planning tends to concentrate power and threatens individual freedom; it became a bestseller, especially in a condensed version in Reader's Digest. In 1947 he founded the Mont Pelerin Society. He later taught at the University of Chicago and in Freiburg and Salzburg, writing on the law, the limits of knowledge and how markets coordinate information, in books such as The Constitution of Liberty. He shared the Nobel Memorial Prize in Economic Sciences in 1974 and died in Freiburg in 1992.

Friedrich A. Hayek is also an author in the library: author page and works.

Faith: Brought up in a non-religious setting; he decided at 15 that he was an agnostic. Source: Wikipedia

See also: Carl Menger