Friedrich August von Hayek was an Austrian-born economist who is widely recognised for his influence on the development of the field of economics. A veteran of World War I, he received doctoral degrees in law and political science from the University of Vienna in 1921 and 1923, respectively. Several of Hayek’s books, including The Road to Serfdom
(1944) and The Constitution of Liberty
(1960), remain some of the most influential works among modern liberals and indeed in the field of economics as a whole. In the former, Hayek argued that collectivism inevitably leads to tyranny because power is passed from the individual to the state. He is considered to be among the leading theorists of the Austrian School of Economics, and alongside his reception of the Nobel Prize in 1974, he was appointed a Companion of Honour by Her Majesty the Queen on the advice of Margaret Thatcher and was awarded the Presidential Medal of Freedom by President George H.W. Bush.
The Confusion of Language in Political Thought
A Tiger by the Tail
The Repercussions of Rent Restrictions
Economic Freedom and Representative Government
Inflation: The Path to Unemployment (1974)
Full Employment at any Price?
Denationalisation of Money
Choice in Currency: A Way to Stop Inflation
Will the Democratic Ideal Prevail? (1978)
Trade Unions – The Biggest Obstacle
1980s Unemployment and the Unions
Market Standards for Money
The Road to Serfdom and Intellectuals and Society