Tuesday, October 2, 2012

Friedrich Hayek

Friedrich Hayek was born in Vienna in 1899 into a family steeped in academic life and scientific research. He worked as a statistician from 1927–31, became a Lecturer in Economics at the University of Vienna in 1929, then moved to the University of London in 1931, the University of Chicago in 1950, and the University of Freiburg in 1962, retiring in 1967. He continued writing into the late 1980s, dying in 1992.
Hayek worked in the areas of philosophy of science, political philosophy, the free will problem, and epistemology. For all that, Hayek was more hedgehog than fox. His life's work, for which he won a Nobel Prize in 1974, illuminated the nature and significance of spontaneous order. The concept seems simple, yet Hayek spent six decades refining his idea, evidently finding elusive the goal of being as clear about it as he aspired to be.
This essay concentrates on this enduring theme of Hayek's work, and a question: why would the scholar who did more than anyone in the twentieth century to advance our understanding of price signals and the emergence of spontaneous orders also be driven to claim that social justice is a mirage?

More: Friedrich Hayek (Stanford Encyclopedia of Philosophy)

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