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[[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]] movement.  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 a [[Nobel Prize]] winning [[economist]] and one of the most prominent members of the [[Austrian School of Economics]], a [[libertarian]] movement.  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.

 

 

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==