History & Society
F.A. Hayek
British economist
Category:
History & Society
- Also called:
- Friedrich A. Hayek
- In full:
- Friedrich August von Hayek
- Died:
- March 23, 1992, Freiburg, Germany (aged 92)
- Awards And Honors:
- Nobel Prize (1974)
- Subjects Of Study:
- economic system
- welfare state
F.A. Hayek (born May 8, 1899, Vienna, Austria—died March 23, 1992, Freiburg, Germany) was an Austrian-born British economist noted for his criticisms of the Keynesian welfare state and of totalitarian socialism. In 1974 he shared the Nobel Prize for Economics with Swedish economist Gunnar Myrdal. (Read Milton Friedman’s Britannica entry on money.) Hayek’s father, August, was a physician and a professor of botany at the University of Vienna. His mother, Felicitas, was the daughter of Franz von Juraschek, a professor and later a prominent civil servant. Because his mother’s family was relatively wealthy, Hayek and his two younger brothers had ...(100 of 3474 words)