Friedrich Hayek
Austrian and British economist (1899–1992)
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Updated 2026-05-29
Austrian economist who won the 1974 Nobel Prize for explaining how prices transmit information through markets. A foundational figure in Austrian school economics, Hayek shaped decades of debate over state intervention and individual liberty.
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Friedrich August von Hayek was an Austrian economist and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to his receiving the prize. He was a major contributor to the Austrian school of economics.
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- Pantheon 2.0High confidencedatabase · pantheon.world
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