FAQ About Friedrich Hayek
What is Friedrich Hayek's connection to the Austrian School of Economics?
Friedrich Hayek was a leading figure in the Austrian School of Economics, a tradition that emphasizes individual choice, subjectivism in value theory, and the importance of spontaneous order in markets. The Austrian School advocates for limited government and a free-market economy, and Hayek's work significantly influenced these ideas, building on the foundation laid by other Austrian economists like Ludwig von Mises.
