Friedrich Hayek: Difference between revisions
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'''Friedrich Hayek''' was an Austrian [[Economics|economist]] noted for his defense of [[free market|free-market capitalism]] against a rising tide of [[socialism|socialist]] thought in the mid-20th century. In ''The Road to Serfdom'' (1944) and subsequent works, Hayek said that socialism necessarily led to [[fascism]] as central planning overrode individual preferences in economic and social life. Though an academic outcast for much of his career, Hayek's work gained new attention in the 1980s and 1990s with the triumph of right-leaning governments in the United States and Great Britain ([[Margaret Thatcher]], British prime minister from 1979 to 1990, was an outspoken devotee of Hayek's writings) and the fall of communism. Hayek shared the [[Nobel Prize/Economics|Nobel Prize in Economics]] in 1974. |
'''Friedrich Hayek''' was an Austrian [[Economics|economist]] noted for his defense of [[free market|free-market capitalism]] against a rising tide of [[socialism|socialist]] thought in the mid-20th century. In ''The Road to Serfdom'' (1944) and subsequent works, Hayek said that socialism necessarily led to [[fascism]] as central planning overrode individual preferences in economic and social life. Though an academic outcast for much of his career, Hayek's work gained new attention in the 1980s and 1990s with the triumph of right-leaning governments in the United States and Great Britain ([[Margaret Thatcher]], British prime minister from 1979 to 1990, was an outspoken devotee of Hayek's writings) and the fall of communism. Hayek shared the [[Nobel Prize/Economics|Nobel Prize in Economics]] in 1974. |
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Hayek is often referred to as F.A. Hayek, and sometimes as Friedrich Augustus von Hayek. |
Hayek is often referred to as F.A. Hayek, and sometimes as Friedrich Augustus von Hayek. |
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Revision as of 11:29, 10 March 2002
Friedrich Hayek was an Austrian economist noted for his defense of free-market capitalism against a rising tide of socialist thought in the mid-20th century. In The Road to Serfdom (1944) and subsequent works, Hayek said that socialism necessarily led to fascism as central planning overrode individual preferences in economic and social life. Though an academic outcast for much of his career, Hayek's work gained new attention in the 1980s and 1990s with the triumph of right-leaning governments in the United States and Great Britain (Margaret Thatcher, British prime minister from 1979 to 1990, was an outspoken devotee of Hayek's writings) and the fall of communism. Hayek shared the Nobel Prize in Economics in 1974.
Hayek is often referred to as F.A. Hayek, and sometimes as Friedrich Augustus von Hayek.
- see Austrian School of Economics