Verisoph
public archive

Friedrich Hayek

1899 – 1992 Austrian-British Economist, political philosopher, LSE professor

Austrian-born economist whose free-market ideas, developed at the LSE, later shaped neoliberal policy.

Affiliations
London School of Economics (Tooke Chair); founder of the Mont Pelerin Society; Nobel laureate in Economics.

Friedrich Hayek came to the LSE in 1931 at Lionel Robbins's invitation and held the Tooke Chair, becoming the school's leading voice for free markets. His debates with John Maynard Keynes over the Great Depression set out a lasting divide in economics. His 1944 book 'The Road to Serfdom' argued that central planning tends to erode freedom, and in 1947 he helped found the Mont Pelerin Society. He shared the Nobel Memorial Prize in Economics in 1974, and scholars trace a line from his work to the market-liberal revival of the 1980s, though the extent and merits of that legacy remain debated.

Connections

  • rival of John Maynard Keynes — Their 1930s clash over the Depression became the great economics debate of the century.
  • rival of John Maynard Keynes — Their Depression-era clash framed the intervention versus market-cycle debate.
  • ally of Karl Popper — Close intellectual ally; Hayek helped bring him to the LSE.
  • ally of Karl Popper — Intellectual allies against collectivism; Hayek helped bring Popper to the LSE.
  • associate of Lionel Robbins — Brought Hayek to the LSE and was his ally in the economics wars.
  • associate of Lionel Robbins — Robbins brought him to the LSE and was a close ally in the economics wars.

In the timeline

Wikipedia