Friedrich Hayek
Austrian economist and philosopher known for his work on prices and the free market.
He is known for his work on money, economic fluctuations, and how prices communicate information.[1][2]
Quick Facts
- School of thought
- Austrian School
- Birth name
- Friedrich August von Hayek
- Born
- 8 May 1899
- Birthplace
- Vienna, Austria-Hungary
- Died
- 23 March 1992
- Place of death
- Freiburg im Breisgau, Germany
- Citizenship
- Austria (until 1938), United Kingdom (from 1938)
- Relatives
- Heinrich von Hayek (brother)
- Gustav von Hayek (grandfather)
- Ludwig Wittgenstein (cousin)
Facts from the source article.
Life and work
Hayek fought in World War I during his teenage years and later said this experience drew him into economics.[3] Hayek founded and directed the Austrian Institute for Business Cycle Research before joining the London School of Economics in 1931.[4] At LSE, his nickname was "Mr. Fluctooations" because he often used that word with a heavy Austrian accent.[5] He became a British national in 1938 and later taught at the University of Chicago, the Universities of Salzburg and Freiburg.[6]
Hayek's most popular work, The Road to Serfdom, was first published in Britain in March 1944.[7]
What the cited sources add
The UCLA Oral History interviews from 1978 document Hayek's own recollections of his life and intellectual development.[8] The same article notes that Hayek's Pure Theory of Capital (1941) was a long and tedious volume incorporating those diagrams.[5] The Nobel committee's 1974 announcement states the prize was awarded for "pioneering work in the theory of money and economic fluctuations".[2] Garrison's 2003 article notes that a student named Ben Higgins said Hayek's LSE lectures used complicated three-dimensional diagrams, making the ideas appear to be engineering concepts.[5]
References
- Wikipedia, "Friedrich Hayek" (CC BY-SA 4.0), which cites: "Marquis Who's Who in the World", Macmillan Information Company, 1990, p. 454; "F.A. Hayek Biography, Books, & Facts Britannica Money", Encyclopedia Britannica; Ebenstein, "Hayek's Journey: the mind of Friedrich Hayek", Palgrave Macmillan, 2003; Caldwell, "Hayek's Challenge: an intellectual biography of F.A. Hayek", University of Chicago Press, 2004; Schmidtz, "Friedrich Hayek", Stanford Encyclopedia of Philosophy, Summer 2021; Gamble, "Hayek: The Iron Cage of Liberty", Routledge, 1996, p. 1; Bank of Sweden, "The Sveriges Riksbank Prize en.wikipedia.org
- Bank of Sweden, "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974", 1974. facts only, no text reused. nobelprize.org
- Wikipedia, "Friedrich Hayek" (CC BY-SA 4.0), which cites: "Friedrich A. Hayek", Mises Institute, 20 June 2014; "Keynes v Hayek: Giants of economics", BBC, 3 August 2011; "Friedrich A. Hayek", Mises Institute, 20 June 2014; "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974", NobelPrize.org (original not read by us) en.wikipedia.org
- Wikipedia, "Friedrich Hayek" (CC BY-SA 4.0), which cites: "WIFO – About WIFO", 23 January 2013; Baxendale, "The Battle of the Letters: Keynes v Hayek 1932, Skidelsky v Besley 2010", The Cobden Centre, 25 October 2010 (original not read by us) en.wikipedia.org
- R. W. Garrison, "F.A. Hayek as 'Mr. Fluctooations:' In Defense of Hayek's 'Technical Economics'" , Hayek Society Journal (LSE), 5(2), 1 (2003).. facts only, no text reused. auburn.edu
- Wikipedia, "Friedrich Hayek" (CC BY-SA 4.0), which cites: Peter G. Klein, "Biography of F.A. Hayek (1899–1992)", Mises Institute, 18 August 2014; Schrepel, "Friedrich Hayek's Contribution to Antitrust Law and Its Modern Application", ICC Global Antitrust Review, January 2015, p. 199–216 (original not read by us) en.wikipedia.org
- Wikipedia, "Friedrich Hayek" (CC BY-SA 4.0), which cites: Ebenstein, p. 116.; Ebenstein, p. 128.; A.J. Tebble, F.A. Hayek, Continuum International Publishing Group, 2010, p. 8 (original not read by us) en.wikipedia.org
- "UCLA Oral History 1978 Interviews with Friedrich Hayek", 10 March 2001, p. 32–38. facts only, no text reused. archive.org
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Friedrich Hayek (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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