Hayek, Friedrich Augustus von

Hayek (1899-1992) was educated at the Faculty of Law of the University of Vienna, where he obtained doctorates in law and in political science. He took part (as did Haberler and Morgenstern , among others) in Mises's private seminars. He was director of the Austrian Institute for Business Cycle Research (1927), and was appointed Privatdozent at the University of Vienna in 1929. Robbins invited him to London: his lectures at the London School of Economics, published as Prices and Production (1931), together with Monetary Theory and the Trade Cycle (1933) were taken as the theoretical backbone of anti-Keynesian policy advice in the early 1930s, and were the subject of a harsh controversy with Keynes and Sraffa . After the war he gave up economics to focus on psychology, political philosophy, philosophy of law and history of ideas. He became professor of social and moral sciences at the University of Chicago (1950-62), professor of economic policy at the University of Freiburg in Breisgau (1962-68) and, finally, at the University of Salzburg (1968-77).

Source: GESK ; New Palgrave ; wswe .

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