Friedrich Hayek

Austrian-school economist of dispersed knowledge and spontaneous order; 1974 Nobel laureate.

Specifications & Metrics

lifespan

1899-1992

nationality

Austrian-British

school

Austrian

nobel year

1974

Core Principles & Analysis

• The Road to Serfdom (1944) warned that comprehensive planning slides toward coercion.
• The Use of Knowledge in Society (1945) cast prices as aggregators of locally held information.
• He shared the 1974 Nobel with Gunnar Myrdal for analysis of money and economic fluctuations.

Sources

• NobelPrize.org: Friedrich August von Hayek, Facts