An Article from the Future of Freedom Foundation
Celebrating The Work Of Nobel Prize Winning Economist, F.A. Hayek
Celebrating the Work of F.A. Hayek
by Richard M. Ebeling
Forty years ago, on October 9, 1974, the Nobel Prize committee announced that the co-recipient of that year’s award for economics was the Austrian economist, Friedrich A. Hayek. Never was there a more deserving recognition for one of the truly great free market thinkers of modern times.
The Nobel committee recognized his contributions, including “pioneering work in the theory of money and economic fluctuations and for [his] penetrating analysis of the interdependence of economic, social and institutional phenomena.”
Over a scholarly and academic career that spanned seven decades, Hayek was one of the leading challengers against Keynesian economics, a profound critic of socialist central planning, and a defender of the open, competitive free society.
The awarding of the Nobel Prize for Economics…
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