Friedrich Hayek

Friedrich Hayek
Born	(1899-05-08)8 May 1899 Vienna, Cisleithania, Austria-Hungary
Died	23 March 1992(1992-03-23) (aged 92) Freiburg im Breisgau, Baden-Württemberg, Germany
Nationality	Austrian British
Institution	1962–68  University of Freiburg 1950–62  University of Chicago 1931–50  LSE
Field	Economics Political science Law Philosophy Psychology
School or tradition	Austrian School, Chicago school of economics
Alma mater	University of Vienna (Dr. jur., 1921, Dr. rer. pol, 1923)
Influences	Acton Böhm-Bawerk Burke Eucken Ferguson Fetter Hume Locke E. Mach Mandeville Menger Mill Mises Popper Sidney A. Smith Spann Tucker Wicksell Wieser Wittgenstein
Influenced	Coase Erhard D. Friedman M. Friedman H. Hazlitt Hicks Laffer Lerner Ostrom Popper Rothbard Selgin V. Smith Sowell Stigler Timberlake White Williams Yayla Yeager Chang
Contributions	Economic calculation problem Catallaxy Dispersed knowledge Price signal Spontaneous order Hayek–Hebb model
Awards	1974  Nobel Memorial Prize in Economic Sciences 1984  CH 1991  Presidential Medal of Freedom
Information at IDEAS / RePEc
Signature

Friedrich Hayek CH (German: [ˈfʁiːdʁɪç ˈaʊ̯ɡʊst ˈhaɪ̯ɛk]; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, was an Austrian and British economist and philosopher best known for his defense 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."

Hayek was a major social theorist and political philosopher of the twentieth century, and his account of how changing prices communicate information which enables individuals to co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize.

Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war drew him to his career. 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 London School of Economics (LSE), the University of Chicago, and the University of Freiburg.

In 1984, he was appointed a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his "services to the study of economics". He was the first recipient of the Hanns Martin Schleyer Prize in 1984. He also received the US 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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