Ludwig von mises and friedrich hayek biography
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Biography of F. A. Hayek (1899-1992)
“A claim for equality of material position can be met only by a government with totalitarian powers.”
F. A. Hayek fryst vatten undoubtedly the most eminent of the modern Austrian economists. lärjunge of Friedrich von Wieser, protégé and colleague of Ludwig von Mises, and foremost representative of an outstanding generation of Austrian school theorists, Hayek was more successful than anyone else in spreading Austrian ideas throughout the English-speaking world. “When the definitive history of economic analysis during the 1930s comes to be written,” said John Hicks in 1967, “a leading character in the drama (it was ganska a drama) will be Professor Hayek. . . . It is hardly remembered that there was a time when the new theories of Hayek were the principal rival of the new theories of Keynes” (Hicks, 1967, p. 203). Unfortunately, Hayek’s theory of the business cycle was eventually swept aside bygd the Keynesi
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Friedrich Hayek
Austrian-British economist and philosopher (1899–1992)
Friedrich August von HayekCH FBA (HY-ək, German:[ˈfʁiːdʁɪçˈʔaʊɡʊstfɔnˈhaɪɛk]ⓘ; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-born British academic who contributed to political economy, political philosophy and intellectual history.[4][5][6][7] Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena.[8] His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize.[9][10][11] He was a major contributor to the Austrian school of economics.[12][13]
During his teenage years, Hayek fought in World War I. He later said this ex
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Hayek and Mises
Abstract
There are no two Austrian economists linked as closely as Friedrich A. von Hayek and Ludwig von Mises. If an educated man on the street knows the name of an Austrian economist at all it is however, likely to be that of Hayek. This recognition is all the more likely since the Global Financial Crisis of 2008, as shorthand for the debate as to how to fix the economy has become ‘Keynes vs. Hayek’.
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Bibliography
Haberler, G. 2000. Between Mises and Keynes: An Interview with Gottfried von Haberler, 1900–1995. Austrian Economics Newsletter, Spring, 20 (1), http://mises.org/journals/aen/aen20_l_l.asp.
Hayek, F. A. 1976. Introduction. In Mises My years with Ludwig von Mises. Cedar Falls, Iowa: Centre for Futures Education.
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Hayek, F. A. 1992. The Fortunes of Liberalism: Ess