Changes

Hayek was born in [[Vienna]], which was then the capital of [[Austria-Hungary]]. As a teenager he studied biology, philosophy and ethics, before joining the Austrian Army aged 18 and becoming one of the pioneers of airborne artillery observation during [[World War 1]]. After the war he earned doctorates in law and political science. He moved to [[London]] in 1931 to be a professor at the [[London School of Economics]]. When Austria became part of [[Nazi Germany]] following the 1938 ''Anschluss'' Hayek refused to return there, and became a British subject.

Hayek was born in [[Vienna]], which was then the capital of [[Austria-Hungary]]. As a teenager he studied biology, philosophy and ethics, before joining the Austrian Army aged 18 and becoming one of the pioneers of airborne artillery observation during [[World War 1]]. After the war he earned doctorates in law and political science. He moved to [[London]] in 1931 to be a professor at the [[London School of Economics]]. When Austria became part of [[Nazi Germany]] following the 1938 ''Anschluss'' Hayek refused to return there, and became a British subject.

==Contributions==

==Contributions==

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 critical of [[John Stuart Mill]] for popularizing the term "[[social justice]]."<ref>{{cite book|last1=Ebenstein|first1=Alan|title=Friedrich Hayek: A Biography|date=2014|publisher=Macmillan|location=New York|isbn=978-0312233440|pages=188}}</ref>

 

{{cquote|Yet Mill appears to have been wholly unaware of the circumstance that in this meaning it refers to situations entirely different from those to which the four other meanings apply, or that this conception of 'social justice' leads straight to full-fledged socialism.<ref>{{cite book|last1=Hayek|first1=Friedrich|title=Law, Legislation and Liberty, Volume 2: The Mirage of Social Justice|date=1978|publisher=[[University of Chicago]] Press|location=Chicago|isbn=978-0226320830|pages=63-64}}</ref>}}

[[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]]  

==Bibliography==

==Bibliography==

{{DEFAULTSORT: Hayek, Friedrich A.}}

{{DEFAULTSORT: Hayek, Friedrich A.}}

{{Template:Economic preparedness topics}}

{{Template:Economic preparedness topics}}

[[Category : Economic Preparedness]]

[[Category : Economic Preparedness]]

[[Category:Economists|Hayek, Friedrich A.]]

[[Category:Economists|Hayek, Friedrich A.]]

[[Category:Fiscal Conservatives]]

[[Category:Fiscal Conservatives]]