The Hayek Fund invests in corporations who financially support free market public policy organizations

The Fund was instrumental in bringing Friedrich Hayek to the University of Chicago.

Through its subsidiary the National Book Foundation, the Volker Fund gave away books authored by libertarian and conservative academics to college libraries throughout the U. S. The National Book Foundation distributed books by wide range of influential authors, including Eugen von Böhm-Bawerk, Gordon H. Clark, Hayek, Mises, Roscoe Pound, Leo Strauss, Eric Voegelin, and many others.

Kumalo joined actress Salma Hayek in the bid to eradicate neonatal and maternal tetanus in the world, as spokesman for the United Nations Children ’ s Fund and nappy brand Pamper ’ s campaign to save more than 250 million infants by 2012.

He argues that Hayek makes peculiar assumptions about demand curves for labor in his explanation of how a decrease in investment spending creates unemployment.

As for socialism, Mises ( 1944 ) and Hayek ( 1937 ) insisted that bureaucrats in individual ministries could never coordinate their plans, not without a price system.

Part of the reason that Hayek stressed the knowledge problem was also because he was mainly concerned with debating the proposal for Market Socialism and the Lange Model by Oskar R. Lange ( 1938 ) and Hayek's student Abba Lerner ( 1934, 1937, 1938 ), which was developed in response to the calculation argument.

Friedrich August Hayek CH (; 8 May 189923 March 1992 ), born in Austria-Hungary as Friedrich August von Hayek, was a British economist and philosopher best known for his defense of classical liberalism.

In 1974, Hayek shared the 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 suffered damage to his hearing in his left ear during the war, and was decorated for bravery.

Upon the completion of his examinations, Hayek was hired by Ludwig von Mises on the recommendation of Wieser as a specialist for the Austrian government working on the legal and economic details of the Treaty of Saint Germain.

With the help of Mises, in the late 1920s Hayek founded and served as director of the Austrian Institute for Business Cycle Research, before joining the faculty of the London School of Economics ( LSE ) in 1931 at the behest of Lionel Robbins.

" In the book, Hayek writes that the government has a role to play in the economy through the monetary system, work-hours regulation, institutions for the flow of proper information, and other principles on which most members of a free society will tend to agree.

In 1950, Hayek left the London School of Economics for the University of Chicago, becoming a professor in the Committee on Social Thought.

Hayek stated that if the Conservative leader had said " that free choice is to be exercised more in the market place than in the ballot box, she has merely uttered the truism that the first is indispensable for individual freedom while the second is not: free choice can at least exist under a dictatorship that can limit itself but not under the government of an unlimited democracy which cannot ".

In 1980, Hayek, a non-practicing Roman Catholic, was one of twelve Nobel laureates to meet with Pope John Paul II, " to dialogue, discuss views in their fields, communicate regarding the relationship between Catholicism and science, and ' bring to the Pontiff's attention the problems which the Nobel Prize Winners, in their respective fields of study, consider to be the most urgent for contemporary man.

In 1991, US President George H. W. Bush awarded Hayek the Presidential Medal of Freedom, one of the two highest civilian awards in the United States, for a " lifetime of looking beyond the horizon.

Hayek used this body of work as a starting point for his own interpretation of the business cycle, elaborating what later became known as the " Austrian Theory of the Business Cycle ".

Unemployment and idle resources are, for Keynes, caused by a lack of effective demand ; for Hayek, they stem from a previous, unsustainable episode of easy money and artificially low interest rates.

Hayek posited that a central planning authority would have to be endowed with powers that would impact and ultimately control social life, because the knowledge required for centrally planning an economy is inherently decentralized, and would need to be brought under control.

Thus, Hayek put the price mechanism on the same level as, for example, language.

Hayek argued that his ideal individualistic, free-market polity would be self-regulating to such a degree that it would be ' a society which does not depend for its functioning on our finding good men for running it '.

With regard to a safety net, Hayek advocated " some provision for those threatened by the extremes of indigence or starvation, be it only in the interest of those who require protection against acts of desperation on the part of the needy.

Hayek continued his research on monetary and capital theory, revising his theories of the relations between credit cycles and capital structure in Profits, Interest and Investment ( 1939 ) and The Pure Theory of Capital ( 1941 ), but his reputation as an economic theorist had by then fallen so much that those works were largely ignored, except for scathing critiques by Nicholas Kaldor.

Milton Friedman declared himself " an enormous admirer of Hayek, but not for his economics.

Hayek recommended liberal economic reforms similar to Chile's for the Keynesian economy in the United Kingdom to Prime Minister Margaret Thatcher.

* The Ludwig von Mises Institute holds a lecture named after Hayek every year at its Austrian Scholars Conference and invites notable academics to speak about subjects relating to Hayek's contributions to the Austrian School.

Scholars during this period had also ceased to identify the Germans as neoliberalism ’ s intellectual progenitors, tending instead to associate neoliberalism with the theories of Friedrich Hayek and Milton Friedman.

For a short time, when the University of Vienna closed, Hayek studied in Constantin von Monakow's Institute of Brain Anatomy, where Hayek spent much of his time staining brain cells.

The Institute of Economic Affairs arranged a meeting between Hayek and Thatcher in London soon after.

* The Cato Institute named its lower level auditorium after Hayek, who had been a Distinguished Senior Fellow at Cato during his later years.

" F. A. Hayek: A Biography " Ludwig von Mises Institute

* Biography of F. A. Hayek ( 1899 – 1992 ) and papers at the Ludwig von Mises Institute

* F A Hayek at the Adam Smith Institute

Barry considered that Brash manipulated public opinion towards neo-liberal economics and gave as examples Brash's advocacy for abolishing the minimum wage and his Hayek Memorial Lecture to the Institute of Economic Affairs in London.

The Institute has attracted some well-known individuals to its ranks, including founding member Friedrich Hayek and politicians such as former Reform Party of Canada leader Preston Manning, former Progressive Conservative Ontario premier Mike Harris, former Progressive Conservative Alberta premier Ralph Klein, and former Liberal Newfoundland & Labrador premier Brian Tobin.

: Member, Advisory Council, Hayek Institute, Vienna, Austria ;

D. Godefridi ( Hayek Institute ) wrote in le Figaro: " Services represent 70 % of the European economy.

Hayek as it appeared in the April 1945 edition of Readers Digest, Institute of Economic Affairs, 1999.

While the Institute does not provide instruction in philosophical conservatism, it does encourage its graduates to read classic conservative authors like Edmund Burke and " classical liberal " authors like Frederic Bastiat, as well as more modern conservative thinkers including William F. Buckley Jr., Russell Kirk, Barry Goldwater, and libertarian thinkers such as Milton Friedman and F. A. Hayek.

For his part, Hayek dedicated a collection of papers, Studies in Philosophy, Politics, and Economics, to Popper and, in 1982, said that " ever since his Logik der Forschung first came out in 1934, I have been a complete adherent to his general theory of methodology.

* Friedrich A. Hayek ( 1952 ), The Counter-Revolution of Science: Studies in the Abuse of Reason.

* " Rand Versus Hayek on Abstraction " ( full text, in Reason Papers: A Journal of Interdisciplinary Normative Studies, vol.