Teacher appreciation:

FRIEDRICH AUGUST VON HAYEK (Vienna, 1899 - Chicago, 1992).

FRIEDRICH AUGUST VON HAYEKEconomist, 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 Chicago (1950-62). Strongly opposed to Keynesianism, he believed that government intervention in a free market leads eventually to inflation, unemployment, recession, or depression. He obtained the Nobel Prize for Economics in 1974.

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