It was first proposed by Ludwig von Mises in 1920 and later expounded by Friedrich Hayek.

In his later years, Hayek recalled a discussion of philosophy with Wittgenstein, when both were officers during World War I.

After Wittgenstein's death, Hayek had intended to write a biography of Wittgenstein and worked on collecting family materials, and he later assisted biographers of Wittgenstein.

Hayek said a year later that he was " amazed by her.

When, later that evening, Hayek was dropped off at the Reform Club, he commented: " I've just had the happiest day of my life.

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 ".

In accordance with the reasoning later outlined in his essay The Use of Knowledge in Society ( 1945 ), Hayek argued that a monopolistic governmental agency like a central bank can neither possess the relevant information which should govern supply of money, nor have the ability to use it correctly.

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

The founders of this école who studied and later instructed at the University of Vienna included Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek.

Hayek christened these the pragmatic and rationalist schools, the former evolving institutions with an eye towards liberty and the later creating a brave new world by sweeping all the old and therefore useless ideas away.

Spencer anticipated many of the analytical standpoints of later libertarian theorists such as Friedrich Hayek, especially in his " law of equal liberty ", his insistence on the limits to predictive knowledge, his model of a spontaneous social order, and his warnings about the " unintended consequences " of collectivist social reforms.

Hayek later discussed on camera an anecdote of her Mexican great-grandmother spontaneously breast-feeding a hungry baby in a village.

Two years later this holding company was taken over by a group of private investors led by Nicolas Hayek.

The Austrian School of Economics, led by Carl Menger, Ludwig von Mises and Friedrich Hayek, would later refine the concept and use it as a centerpiece in its social and economic thought.

First discussed by Ludwig von Mises, Catallaxy was later coined and made popular by Friedrich Hayek who defines it as follows:

Lebanese entrepreneur, Nicolas G. Hayek, who, with a group of Swiss investors, took over a majority shareholding of Swatch during 1985 in the then, between ASUAG and SSIH, newly consolidated group under the name Societe Suisse de Microelectronique et d ' Horlogerie, or SMH, became Chairman of the Board of Directors and CEO in 1986 ( who later significantly changed its name to Swatch Group ), further masterminded its development to reach its now major worldwide Swiss watch brand status within the lower end of watch prices.

It was first proposed by Ludwig von Mises in 1920 and later expounded by Friedrich Hayek.

Hayek and later Austrian School economists agree that if a population saves more money, total revenues for companies will decline, but they deny the assertion that lower revenues lead to lower economic growth.

Hayek, and Richard M. Weaver were the first faculty advisors, later to be joined by George Stigler and Benjamin Rogge.

" 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.

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 led him to his career.

* Hayek has an investment portfolio named after him.

In 2002, Molina gained wide recognition for his portrayal of Diego Rivera alongside Salma Hayek in the biopic Frida, a role which garnered him BAFTA and SAG award nominations.

Hayek, however, convinced him that think-tanks were the best medium for effecting political change.

He educated at Raine's Foundation School and the London School of Economics where Arnold Plant and Lionel Robbins deepened his interest in classical liberalism and Friedrich Hayek introduced him to Austrian economics.

During the Nobel ceremony in December 1974, Hayek met the Russian dissident Aleksandr Solzhenitsyn.

He is the author of three scholarly books — Marx, Hayek, and Utopia ; Ayn Rand: The Russian Radical ; and Total Freedom: Toward a Dialectical Libertarianism — as well several shorter works.

He arranged for translation and publication into a variety of central and eastern European languages of textbooks in economics and law, as well as seminal works by Ludwig von Mises, F. A. Hayek, Milton Friedman, and other thinkers in the libertarian and liberal traditions.

He has commissioned translation into Middle Eastern languages ( Arabic, Kurdish, Persian, and Azeri ) and publication of works by Frederic Bastiat, F. A. Hayek, James Madison, and other libertarian influences, and has published essays in Middle Eastern languages on such topics as " Challenges of Democratization " and " Religion and the Law.

Hayek was concerned about the general view in Britain's academia that fascism was a capitalist reaction to socialism and The Road to Serfdom arose from those concerns.

The economist Walter Block observed critically that while The Road to Serfdom is " a war cry against central planning ," it does show some reservations with a free market system and laissez-faire capitalism, with Hayek even going so far as to say that " probably nothing has done so much harm to the liberal cause as the wooden insistence of some liberals on certain rules of thumb, above all the principle of laissez-faire.

Hayek was disappointed that the book did not receive the same enthusiastic general reception as The Road to Serfdom had sixteen years before.

In his popular book, The Road to Serfdom ( 1944 ) and in subsequent academic works, Hayek argued that socialism required central economic planning and that such planning in turn leads towards totalitarianism.

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.

" F. A. Hayek and The Road to Serfdom: A Sixtieth Anniversary Appreciation " ( The Freeman,

* " The Road from Serfdom ", Thomas W. Hazlett, Reason, July 1992, includes his 1977 interview with Hayek

** Austrian-born economist Friedrich Hayek publishes his book The Road to Serfdom ( in London ).

After reading Hayek's The Road to Serfdom, Keynes wrote to Hayek saying: " Morally and philosophically I find myself in agreement with virtually the whole of it " but concluded the same letter with the recommendation: On the pressing issue of the time, whether deficit spending could lift a country from depression, Keynes replied to Hayek's criticism in the following way:

In The Road to Serfdom, Hayek argued that " Economic control is not merely control of a sector of human life which can be separated from the rest ; it is the control of the means for all our ends.

In The Road to Serfdom, Hayek argued that " Economic control is not merely control of a sector of human life which can be separated from the rest ; it is the control of the means for all our ends.

* Friedrich Hayek – The Road to Serfdom.

Friedrich Hayek mentions in his 1944 book The Road to Serfdom the danger of a support of monopolistic organisation of industry from WWII political remnants:

Thatcher's style of New Right ideology, known as Thatcherism, was heavily influenced by the work of Friedrich Hayek ( in particular the book The Road to Serfdom ).

In The Road to Serfdom, Hayek argued that " Economic control is not merely control of a sector of human life which can be separated from the rest ; it is the control of the means for all our ends.

* Friedrich Hayek, The Road to Serfdom

In 1945 Antony Fisher read a summary of The Road to Serfdom by Friedrich Hayek in the front of the April issue of Reader ’ s Digest.

Hayek referred to Eastman's life and to his repudiation of socialism in his widely read The Road to Serfdom, and, in turn, Eastman arranged for the serialization of the future Nobel laureate's work in Reader's Digest.

by Murray Rothbard ; The Road to Serfdom by Friedrich Hayek ; and Economics for Real People by Gene Callahan.

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.

The Road to Serfdom was to be the popular edition of the second volume of Hayek ’ s treatise entitled “ The Abuse and Decline of Reason ,” and the title was inspired by the writings of the 19th century French classical liberal thinker Alexis de Tocqueville on the “ road to servitude .” The book was first published in Britain by Routledge in March 1944, during World War II, and was quite popular, leading Hayek to call it “ that unobtainable book ,” also due in part to wartime paper rationing.

I think the Adam Smith role was played in this cycle the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek ’ s The Road to Serfdom.

One was James Burnham ’ s The Managerial Revolution .. second Friedrich A. Hayek ’ s The Road to Serfdom .. was far more controversial — and influential.