Fredrich Von Hayek

41 Friedrich sublime von Hayek (1899-1992)
Ludwig Van den Hauwe
Biographical note
Friedrich August von Hayek, a central figure in twentieth-century economics
and a part of the Austrian tradition, 1974 Nobel laureate in economics,
was born on 8 May 1899, in Vienna, then the capital of the Austro-
Hungarian empire. pursual military service as an artillery officer in the First
World War, Hayek entered the University of Vienna, where he attended the
lectures of Friedrich von Wieser and obtained doctorates in jurisprudence
(1921) and political cognizance (1923). After spending a year in red-hot York
(1923-24), Hayek returned to Vienna where he joined the famous
Privatseminar conducted by Ludwig von Mises. In 1927 Hayek became the
front director of the Austrian Institute for Business Cycle Research. On an
invitation from Lionel Robbins, he delivered four lectures entitled Prices and
production at the capital of the United Kingdom School of Economics in 1931 and subsequently
accepted the Tooke Chair. He was a vigorous participant in the heated tump overs
that raged in England during the thirty-something concerning monetary, capital and
business cycle theories. Hayek was to become the only able opponent
of John Maynard Keynes (see Caldwell, 1995).



As an outgrowth of his
participation in the debate over the possibility of economic calculation under
socialism (Hayek, 1948 [1980], 119-208), the stress of Hayeks research
shifted during the late 1930s and early 1940s to the office of knowledge and
discovery in market processes, and to the methodological underpinnings of
the Austrian tradition, particularly subjectivism and methodological individualism.
In 1950, Hayek moved to the United States, connection the Committee on
Social Thought at the University of Chicago. His research in that location engaged the
broader issues of social, political and legal philosophy. He associated with
such figures as Frank Knight, Milton Friedman, Aaron Director and, somewhat
later, George Stigler. He...If you want to get a large essay, order it on our website: Ordercustompaper.com



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