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Friedrich August Hayek (1899-1992) was
an economist, social theorist, and
political philosopher born in Vienna,
Austria. He studied in Vienna, became
director of the Austrian Institute for
Economic Research (1927-31), lectured at
Vienna (1929-31), and was appointed
professor of economic science at London
(1931-50), becoming a British citizen in
1938. He was professor of social and moral
science at the University of Chicago from
1950 until 1962. Strongly opposed to
Keynesianism, he was often called "the
father of monetarism," and believed that
government intervention in a free market
leads eventually to domestic disaster. He
received the Nobel Prize for Economics in
1974. His most popular book has been
The Road to Serfdom.
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The
Road to Serfdom, by F.A.
Hayek
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