Wirtschaftstheorie von hayek biography husband

Friedrich Hayek was a famous economist, well-known for his numerous contributions to the field of economics and political philosophy. Hayek's approach mostly stems from the Austrian school of economics and emphasizes the limited nature of knowledge. He is particularly famous for his defense of free-market capitalism and is remembered as one of the greatest critics of the socialist consensus.

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Friedrich Hayek was born in Vienna, Austria, on May 8, He attended the University of Austria where he obtained doctorates in both law and political science in and , respectively. He also completed postgraduate work at New York University in Hayek founded the Austrian Institute for Business Cycle Research and served as its director from to From to he was a professor at the University of Freiburg.

A World War I veteran, Hayek later said his experience in the war and his desire to help avoid the mistakes that ignited the war drew him into economics. Friedrich Hayek and Gunnar Myrdal each won the Nobel Prize in Economic Sciences in "for their pioneering work in the theory of money and economic fluctuations and their penetrating analysis of the interdependence of economic, social, and institutional phenomena.

One of Hayek's key achievements was his book The Road to Serfdom , which he wrote out of concern for the general view in British academia that fascism was a capitalist reaction to socialism.