Ideologies / Classical Liberal / Friedrich Hayek
§ The minds · 1899–1992 · Austria / UK · Economist & philosopher
Friedrich Hayek
Knowledge and spontaneous order
Prices as information; the rule of law over planning.
Economic+58
SocialistMarket
Governance−48
LibertarianAuthoritarian
Social−20
TraditionalProgressive
The Austrian-British economist whose case against central planning — markets as a discovery process coordinating dispersed knowledge — reshaped 20th-century liberalism.
social
A traditionalist about evolved institutions, suspicious of rational design.
economic
Argued that markets coordinate dispersed knowledge no planner can possess.
governance
The rule of law and limited government against central direction.
Notable for
- 'The Road to Serfdom'
- Nobel Memorial Prize, 1974
- Theory of spontaneous order
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