His ideas on unplanned orders and other subjects are published in Studies in Philosophy, Politics and Economics (1967). 1972: As prices soar in Europe and the US, Hayek publishes a passionate critique of inflation and the Keynesian policies that cause it in A Tiger by the Tail.He goes on to propose solutions in Choice in Currency (1976) and The Denationalisation of Money (1976).

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Both of his grandfathers, who lived long enough for Friedrich to know them, were scholars.

Franz von Juraschek was a leading economist in Austria-Hungary and a close friend of Eugen Böhm von Bawerk, one of the founders of the Austrian School of Economics.

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 1921.

Although Hayek 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.

1988: Publication of The Fatal Conceit: The Errors of Socialism.

1991: Hayek is awarded the US Presidential Medal of Freedom. Friedrich August von Hayek was born in Vienna to August von Hayek and Felicitas Hayek (née von Juraschek).

It's bound to draw your attention to the problems of political organization." He vowed to work for a better world.

At the University of Vienna, Hayek earned doctorates in law and political science in 19 respectively; and he also studied philosophy, psychology, and economics.

; – 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.

Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and ...

penetrating analysis of the interdependence of economic, social and institutional phenomena".