Hayekwas an Austrian-British economist and philosopher who is best known for his defence of classical liberalism. Hayek shared the Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and [ Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. Hayek's academic life was mostly spent at the London School of Economicsand later at the University of Chicagoand the University of Freiburg.
Although he is widely considered as a leader of the Austrian School of Economicshe also had close connections with the Chicago School of Economics.
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Hayek was appointed a Companion of Honour in for "services to the study of economics". His ideas on unplanned orders and other subjects are published in Studies in Philosophy, Politics and Economics He begins work on Law, Legislation and Liberty. His father, born in also in Vienna, was a medical doctor employed by the municipal ministry of health. August had a passion for botanyabout which he wrote a number of monographs and was also a part-time botany lecturer at the University of Vienna. Felicitas von Juraschek was born in to a wealthy conservative and land-owning family.
As her mother died several years prior to Hayek's birth, Felicitas received a significant inheritance, which provided as much as half of her and her husband's income during the early years of their marriage. Friedrich Contrasted In The Diagram Teacher Centered Approach the oldest of three brothers, Heinrich — and Erich —who were one-and-a-half and five years younger than he was.
His father's career as a university professor influenced Hayek's goals later in life. He wrote works in the field of biological systematics, some of which are relatively well known. On his mother's side, Hayek was second cousin to the philosopher Ludwig Wittgenstein. His Contrasted In The Diagram Teacher Centered Approach often played with Wittgenstein's sisters and had known him Cwntered. As a result of their family relationship, Hayek became one of the first to read Wittgenstein's Tractatus Logico-Philosophicus when the book was published in its original German edition in Although he met Wittgenstein on only a few occasions, Hayek said that Wittgenstein's philosophy and methods of analysis had a profound influence on his own life and thought. Since his youth, Click the following article frequently socialized with Diagra intellectuals Tescher he mentions that people often speculated whether he was also of Jewish ancestry.
That made him curious, so he spent some time researching his ancestors and found out that he has no Jewish ancestors within five generations. Hayek displayed an intellectual and academic bent from a very young age. He read fluently and frequently before going to school. He was at the bottom of his class in most subjects, and once received three failing grades, in Latin, Greek and mathematics.
He preferred to associate with adults. InHayek joined an artillery regiment in the Austro-Hungarian Army and fought on the Italian front.]
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