biography
| name: |
Hayek, Friedrich A(ugust von)
|
pronunciation:
[hiyek]
| sex:
| male
|
| lived:
| (1899–1992)
|
| biography:
| Economist, born in Vienna, Austria. He studied in Vienna, became director of the Austrian Institute for Economic Research (1927–31), lectured at Vienna (1929–31), and was appointed professor of economic science at London (1931–50), becoming a British citizen in 1938. He was professor of social and moral science at Chicago (1950–62). Strongly opposed to Keynesianism, and often called ‘the father of monetarism’, he believed that government intervention in a free market leads eventually to inflation, unemployment, recession, or depression. He shared the Nobel Prize for Economics in 1974. |
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