The credit which the apparent conformity with recognized scientific standards can gain for seemingly simple but false theories may, as the present instance shows, have grave consequences.
Friedrich August von Hayek Quotes
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| Birth: | 8th May, 1899 |
| Death: | 23rd March, 1992 |
| Nationality: | British |
| Profession: | Economist, Philosopher |
About
Friedrich August von Hayek was born in Vienna, Cisleithania, Austria-Hungary. He was an Austrian-born British economist and philosopher best known for his defense of classical liberalism. He shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena." He earned doctorates in law and political science from University of Vienna in 1921 and 1923. He spent most of his academic life at the London School of Economics, the University of Chicago, and the University of Freiburg. He wrote several books include: The Road to Serfdom, The Constitution of Liberty, Law, Legislation and Liberty, The Fatal Conceit, and Individualism and Economic Order. He received the US Presidential Medal of Freedom in 1991 from President George H. W. Bush.
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