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His most famous popular book is [[The Road To Serfdom]] (1944). Where in he discusses the collapse of essential freedoms in the face of economic manipulation at the hands of well meaning government actors. His most influential work among economists however is his 1935 academic papers "The Nature and History of the Problem" and "The Present State of the Debate," on the total inability of socialism to coordinate and allocate resources due to their lack of price signals, an effect that lead to the eventual collapse of the [[Soviet Union]]. Many of these ideas were developed in conjunction with his friend and mentor [[Ludwig von Mises]]<ref>Econ Talk, Russ Roberts and Bruce Caldwell 10 January, 2011 [http://www.econtalk.org/archives/2011/01/caldwell_on_hay.html]</ref>.

His most famous popular book is [[The Road To Serfdom]] (1944). Where in he discusses the collapse of essential freedoms in the face of economic manipulation at the hands of well meaning government actors. His most influential work among economists however is his 1935 academic papers "The Nature and History of the Problem" and "The Present State of the Debate," on the total inability of socialism to coordinate and allocate resources due to their lack of price signals, an effect that lead to the eventual collapse of the [[Soviet Union]]. Many of these ideas were developed in conjunction with his friend and mentor [[Ludwig von Mises]]<ref>Econ Talk, Russ Roberts and Bruce Caldwell 10 January, 2011 [http://www.econtalk.org/archives/2011/01/caldwell_on_hay.html]</ref>.

Hayek was one of the most vocal and respected contemporary critics of the [[liberal]] and now widely discredited economist [[John Maynard Keynes]]

Hayek was one of the most vocal and respected contemporary critics of the [[liberal]] and now widely discredited economist [[John Maynard Keynes]].

[[Image:HAYEK1.JPG|left|thumb|300px]] Hayek has been compared to the philosopher [[David Hume]] with respect to his insistence that we should be "sensible of our ignorance."

[[Image:HAYEK1.JPG|left|thumb|300px]] Hayek has been compared to the philosopher [[David Hume]] with respect to his insistence that we should be "sensible of our ignorance."

==Bibliography==

==Bibliography==

* Birner, Hack, and Rudy van Zijp, eds., ''Hayek: Co-ordination and Evolution: His legacy in philosophy, politics, economics and the history of ideas'' (1994)

* Birner, Hack, and Rudy van Zijp, eds., ''Hayek: Co-ordination and Evolution: His legacy in philosophy, politics, economics and the history of ideas'' (1994)