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F.A. Hayek

Friedrich August Hayek (May 8, 1899 – March 23, 1992) was an Austro-Hungarian born economist and philosopher best known for his classical liberal apologetics. In 1974, Hayek was awarded the Nobel Memorial Prize in Economics along with Gunnar Myrdal, “for his pioneering work in the theory of money and economic fluctuations and for his penetrating analysis of the interdependence of economic, social and institutional phenomena.”

Fun Fact: Hayek served as an officer during WWI and then went on to choose economics because of his desire to improve social conditions, namely the poverty of postwar Vienna.

To learn more about economic freedom and other ideas that Hayek proposed, apply to one of our Summer Seminars!

 

Fear of the Boom and Bust - Keynes vs. Hayek Round 1

 

Fight of the Century - Keynes vs. Hayek Round 2

 

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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