Friedrich August von Hayek (1899-1992), was an Austrian-born economist and philosopher known for his defence of classical liberalism and free-market capitalism against socialist and collectivist thought. He is considered by some to be one of the most important economists and political philosophers of the twentieth century. Hayek’s account of how changing prices communicate signals which enable individuals to coordinate their plans is widely regarded as an important achievement in economics. Hayek also wrote on the topics of jurisprudence, neuroscience and the history of ideas.
Hayek is one of the most influential members of the Austrian School of economics, and in 1974 shared the Nobel Memorial Prize in Economics for his “pioneering work in the theory of money and economic fluctuations and [his] penetrating analysis of the interdependence of economic, social and institutional phenomena.” He also received the U.S. Presidential Medal of Freedom in 1991 from president George H. W. Bush.
Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938. He spent most of his academic life at the LSE, the University of Chicago, and the University of Freiburg.
Biography of F.A. Hayek
Selected online books and essays by F.A. Hayek:
The Road to Serfdom
Intellectuals and Socialism
Individualism and Economic Order
Tiger by the Tail
A Free-Market Monetary System and Pretense of Knowledge
What Price a Planned Economy?
Engineers and Planners
A Free-Market Monetary System
The Pure Theory of Capital
Reflections on the Pure Theory of Money of Mr. J.M. Keynes
Road to Serfdom in Cartoons
The Mythology of Capital
Can We Still Avoid Inflation?
Choice in Currency
Denationalisation of Money: the Argument Refined
Economics and Knowledge
Monetary Nationalism and International Stability
Monetary Theory and the Trade Cycle
The Meaning of Competition
Prices and Production
Profits, Interest, and Investment
Investment that Raises the Demand for Capital
The Non Sequitur of the Dependence Effect
Substitute for Foreign Aid
Decline of the Rule of Law
Mises As We Knew Him
The Skillful Professor Rothbard
The Use of Knowledge in Society
The Pretence of Knowledge