Happy Birthday FA von Hayek
” Friedrich August Hayek ; 8 May 1899 – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently known as F. A. Hayek, was an Austrian, later turned British , economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the 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”.
Hayek is an economist and major political thinker of the twentieth century. Hayek’s account of how changing prices communicate information which enables individuals to coordinate their plans is widely regarded as an important achievement in economics. He also contributed to the fields of systems thinking , jurisprudence, neuroscience, and the history of ideas.
Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war led him to his career. Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, and the University of Freiburg.
In 1984, he was appointed as a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his “services to the study of economics”. He was the first recipient of the Hanns Martin Schleyer Prize in 1984. He also received the US Presidential Medal of Freedom in 1991 from president George H. W. Bush. In 2011, his article The Use of Knowledge in Society was selected as one of the top 20 articles published in the American Economic Review during its first 100 years.“
” If any twentieth-century economist was a Renaissance man, it was Friedrich Hayek. He made fundamental contributions in political theory, psychology, and economics. In a field in which the relevance of ideas often is eclipsed by expansions on an initial theory, many of his contributions are so remarkable that people still read them more than fifty years after they were written. Many graduate economics students today, for example, study his articles from the 1930s and 1940s on economics and knowledge, deriving insights that some of their elders in the economics profession still do not totally understand. It would not be surprising if a substantial minority of economists still read and learn from his articles in the year 2050. In his book Commanding Heights, Daniel Yergin called Hayek the “preeminent” economist of the last half of the twentieth century.”
- Monetary Theory and the Trade Cycle (1929)
- Prices and Production (1931)
- Monetary Nationalism and International Stability (1937)
- Profits, Interest and Investment (1939)
- The Pure Theory of Capital (1941) ISBN 978-0-226-32099-1
- The Road to Serfdom (1944) ISBN 978-0-226-32055-7
- Individualism and Economic Order (1948) ISBN 978-0-226-32093-9
- “The Transmission of the Ideals of Economic Freedom,” (1951) Full Article
- John Stuart Mill and Harriet Taylor: Their Friendship and Subsequent Marriage (1951) ISBN 978-0-678-06504-4
- The Counter-Revolution of Science: Studies on the Abuse of Reason (1952) ISBN 978-0-913966-67-9
- The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology (1952) ISBN 978-0-226-32094-6
- The Political Ideal of the Rule of Law (1955)
- The Constitution of Liberty (1960) ISBN 978-0-226-32084-7
- The Constitution of Liberty: The Definitive Edition (2011). Ronald Hamowy, ed., v. 17, The Collected Works of F A. Hayek. Description and preview.
- Studies in Philosophy, Politics and Economics (1967) ISBN 978-0-226-32085-4
- Freiburger Studien: Gesammelte Aufsatze (1969) ISBN 978-3-16-146312-9
- A Tiger by the Tail (1972, revised edition 1978)
- Law, Legislation and Liberty: A New Statement of the Liberal Principles of Justice and Political EconomyDenationalisation of Money: An Analysis of the Theory and Practice of Concurrent Currencies (1976)
- New Studies in Philosophy, Politics, Economics and the History of Ideas (1978) ISBN 978-0-226-32069-4
- 1980s Unemployment and the Unions (1980) ISBN 978-0-255-36173-6
- The Fatal Conceit: The Errors of Socialism (1988) ISBN 978-0-226-32069-4