Friedrich hayek philosophy

Friedrich August von Hayek (May 8, 1899 in Vienna – March 23, 1992 in Freiburg) was an Austrian economist and political philosopher, noted for his defense of liberal democracy and free-market capitalism against socialist and collectivist thought in the mid-twentieth century.

Widely regarded as one of the most influential members of the Austrian School of economics, he also made significant contributions in the fields of jurisprudence and cognitive science. His analysis of socialist economics was proven prescient by the breakup of communistEastern Europe.

He shared the 1974 Nobel Memorial Prize in Economics with ideological rival Gunnar Myrdal, and in 1991 he received the Presidential Medal of Freedom.

Friedrich hayek philosophy of education

Biography

Friedrich August von Hayek was born on May 8, 1899 in Vienna, Austria to a Catholic family of prominent intellectuals. He was a distant cousin of the philosopherLudwig Wittgenstein. At the University of Vienna he earned doctorates in law and political science in 1921