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[[Image:Hayek.jpg|right|frame]]

[[Image:Hayek.jpg|right|frame]]

'''Friedrich August Von Hayek''' (1899-1992) was a [[Nobel Prize]] winning [[economist]] and one of the most prominent members of the [[Austrian School of Economics]], a [[libertarian]] economic theory.  Hayek emphasized our limited knowledge of the markets (and other subjects), and thus our need for the price mechanism to communicate essential information about supply and demand.  His theories are that  no centralized planner or government can manage the [[economy]] and that the [[free market]] is the most efficient known allocator of resources.

'''Friedrich August Von Hayek''' (1899-1992) was an [[Austria|Austrian]] [[Nobel Prize]]-winning [[economist]] and one of the most prominent members of the [[Austrian School of Economics]], a [[libertarian]] economic theory.  Hayek emphasized our limited knowledge of the markets (and other subjects), and thus our need for the price mechanism to communicate essential information about supply and demand.  His theories are that  no centralized planner or government can manage the [[economy]] and that the [[free market]] is the most efficient known allocator of resources.

Although Hayek was a self-proclaimed [[agnostic]]—which helps explain why was allowed to win a [[Nobel Prize]]—analysis has shown that "his treatment of individual liberty was more consistent

Although Hayek was a self-proclaimed [[agnostic]]—which helps explain why was allowed to win a [[Nobel Prize]]—analysis has shown that "his treatment of individual liberty was more consistent