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" Hayek, Friedrich August ( 1899 – 1992 )", Oxford Dictionary of National Biography, online
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Hayek and Friedrich
Austrian Economics in Transition: From Carl Menger to Friedrich Hayek ( Palgrave Macmillan ; 2010 ) 339 pages
There was a revival of interest in classical liberalism in the 20th century led by Friedrich Hayek and Milton Friedman.
Friedrich Hayek identified two different traditions within classical liberalism: the " British tradition " and the " French tradition ".
This difficulty was notably written about by economists Ludwig von Mises and Friedrich Hayek, both of whom called it the " economic calculation problem ".
Friedrich von Hayek responded that the system of equations required too much information that would not be easily available and the ensuing calculations would be too difficult.
Friedrich Hayek in his The Use of Knowledge in Society argued that " knowledge of the particular circumstances of time and place " is not easily aggregated and is often ignored by professional economists.
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.
During his years at the University of Vienna, Carl Menger's work on the explanatory strategy of social science and Friedrich von Wieser's commanding presence in the classroom left a lasting influence on Hayek.
< p > There is no figure who had more of an influence, no person had more of an influence on the intellectuals behind the Iron Curtain than Friedrich Hayek.
" Hayek had hoped to receive a baronetcy, and after he was awarded the CH he sent a letter to his friends requesting that he be called the English version of Friedrich ( Frederick ) from now on.
Informal discussions with colleagues and friends stimulated a greater interest, which was reinforced by Friedrich Hayek's powerful book The Road to Serfdom, by my attendance at the first meeting of the Mont Pelerin Society in 1947, and by discussions with Hayek after he joined the university faculty in 1950.
Hayek and August
Hayek was born in Vienna ( then the capital of Austria-Hungary ), and was the son of August von Hayek, a doctor in the municipal health service.
In August 1926, Hayek married Helen Berta Maria von Fritsch, a secretary at the civil service office where Hayek worked.
Austrian School economists Ludwig Von Mises and Friedrich August Hayek argued that private property rights are a requisite for rational economic calculation and that the prices of goods and services cannot be determined accurately enough to make efficient economic calculation without clearly defined private-property rights.
Hayek and 1899
" A Few Remembrances of Friedrich von Hayek ( 1899 – 1992 )", Journal of Economic Behavior & Organization, 69 ( 1 ), pp. 1 – 4.
" Hayek, Friedrich A von ( 1899 – 1992 )," International Encyclopedia of the Social & Behavioral Sciences, pp. 6482 – 6486.
The Road to Serfdom is a book written by the Austrian-born economist and philosopher Friedrich von Hayek ( 1899 – 1992 ) between 1940 – 1943, in which he " warned of the danger of tyranny that inevitably results from government control of economic decision-making through central planning ," and in which he argues that the abandonment of individualism, classical liberalism, and freedom inevitably leads to socialist or fascist oppression and tyranny and the serfdom of the individual.
Hayek ( 1899 – 1992 ) in 1944 galvanized opponents of the New Deal by arguing that the left in Britain was leading that nation down the " road to serfdom ".
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