| more general categories |
information about this item |
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| 10. Noble Prize |
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10. Noble Prize |
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Economics (81) |
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| 11. Award Year |
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11. Award Year |
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1974 (12) |
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| 12. Winner Type |
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12. Winner Type |
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Person (904) |
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| 13. Gender |
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13. Gender |
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Male (853) |
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| 14. Birth Year |
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14. Birth Year |
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1899 (11) |
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| 15. Place of Birth |
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15. Place of Birth |
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Vienna (14) |
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| 16. Death Year |
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16. Death Year |
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1992 (6) |
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| 17. Place of Death |
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17. Place of Death |
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Freiburg im Breisgau (5) |
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| 19. Given Name |
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19. Given Name |
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F (37) |
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| 20. Family Name |
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20. Family Name |
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H (72) |
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| 21. Shared Given Name |
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21. Shared Given Name |
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Friedrich (2) |
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| 23. Religion |
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23. Religion |
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Source data not available (465) |
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| 24. Age at Award Time |
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24. Age at Award Time |
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76 (19) |
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| 32. Occupations |
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32. Occupations |
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Economists (76) |
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| 34. Citizens |
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34. Citizens |
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Austria (19) |
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| 42. Affilliation with College or University |
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42. Affilliation with College or University |
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Alumni (14) |
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Long-term academic staff (7) |
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Long-term academic staff (9) |
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Long-term academic staff (45) |
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Short-term academic staff (17) |
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Short-term academic staff (35) |
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Short-term academic staff (10) |
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| 44. Memberships |
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44. Memberships |
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Mont Pèlerin Society (7) |
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| 45. Other Awards |
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45. Other Awards |
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Fellow of the British Academy (8) |
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Fellow of the Econometric Society (72) |
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Hanns Martin Schleyer Prize (1) |
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John Simon Guggenheim Memorial Foundation Fellowship (102) |
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Order of Merit of Baden-Württemberg (8) |
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Pour le Mérite for Sciences and Arts (65) |
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Presidential Medal of Freedom (24) |
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Ring of Honour of the City of Vienna (2) |
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| complete name: |
Friedrich August von Hayek |
| nobel prize: |
economics |
| award year: |
1974 |
| together with: |
Gunnar Myrdal |
| prize share: |
Prize share: 1/2 |
| rational: |
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974 was awarded jointly to Gunnar Myrdal and Friedrich August von Hayek "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena." |
| biography: |
Biography |
| laureate facts: |
Facts |
| given name: |
Friedrich |
| family name: |
Hayek |
| occupation: |
economist |
| occupation: |
historian |
| occupation: |
political scientist |
| occupation: |
university teacher |
| occupation: |
sociologist |
| occupation: |
philosopher |
| field of work: |
philosophy |
| field of work: |
economics |
| work location: |
University of Salzburg, Salzburg, Austria |
| description: |
Friedrich August von Hayek was an Austrian and British economist and philosopher best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena." Hayek was a major social theorist and political philosopher of the twentieth century, and his account of how changing prices communicate information which enables individuals to co-ordinate their plans is widely regarded as an important achievement in economics, leading to his Nobel Prize. Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war led him to his career. Hayek lived in Austria, Great Britain, the United States, and Germany and became a British subject in 1938. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, and the University of Freiburg. In 1984, he was appointed a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his "services to the study of economics". He was the first recipient of the Hanns Martin Schleyer Prize in 1984. He also received the US Presidential Medal of Freedom in 1991 from President George H. W. Bush. In 2011, his article "The Use of Knowledge in Society" was selected as one of the top 20 articles published in The American Economic Review during its first 100 years. |
| pronunciation: |
(German: [ˈfʁiːdʁɪç ˈaʊ̯ɡʊst ˈhaɪ̯ɛk]), born in Austria-Hungary as Friedrich August von Hayek and frequently referred to as F. A. Hayek, |
| image copyright: |
Photo from the Nobel Foundation archive. |
| image citation: |
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974. NobelPrize.org. Nobel Media AB 2018. <https://www.nobelprize.org/prizes/economic-sciences/1974/summary/> |
| date birth: |
1899 |
| date death: |
1992 |
| usual name: |
Friedrich von Hayek |
