18_FamousEconomist_vonHayek

18_FamousEconomist_vonHayek - Famous Economist F. A. Hayek...

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Click to edit Master subtitle style 4/18/11 Famous Economist F. A. Hayek
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4/18/11 Friedrich August von Hayek (1899 – 1992) Born in Vienna during its golden years. During World War I (1917 & 1918) he served in Austro-Hungarian Army Stationed on the Italian frontlines as artillery officer. Left Austria during the depths of the Great Depression (1931) and moved to England
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4/18/11 Quotes From Nobel Banquet Speech “I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. One reason was that I feared that such a prize, …. would tend to accentuate the swings of scientific fashion. This apprehension … has [been] brilliantly refuted by awarding the prize to one whose views are as unfashionable as mine are. my second cause of apprehension. . is that the Nobel Prize confers on an individual an authority which in economics no man ought to possess…the influence of the economist …is an influence over laymen: politicians,
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This note was uploaded on 04/17/2011 for the course EC 102 taught by Professor Zagorsky during the Spring '08 term at BU.

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18_FamousEconomist_vonHayek - Famous Economist F. A. Hayek...

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