Friedrich Hayek

Friedrich August von Hayek was born to August von Hayek, a medical doctor, and Felicitas Hayek in Vienna, Austria-Hungary. His father was also a botanist and a member of the Vienna City Council.

Hayek enrolls at the University of Vienna, where he studies economics, law, and psychology. His studies are interrupted by World War I, but he returns to complete his doctorates.

Hayek receives his first doctorate in law from the University of Vienna, laying the foundation for his future work in economics and social theory.

Hayek completes his second doctorate in economics from the University of Vienna, focusing on monetary theory and the business cycle.

Hayek becomes the founding director of the Austrian Institute for Economic Research, where he conducts influential research on economic cycles and monetary policy.

Hayek is appointed as a lecturer at the London School of Economics, where he engages in intellectual debates with John Maynard Keynes and becomes a prominent figure in the Austrian School of Economics.

Hayek publishes 'The Road to Serfdom,' a seminal work that argues against central planning and the dangers of collectivism, influencing economic and political thought worldwide.

Hayek moves to the United States to join the Committee on Social Thought at the University of Chicago, where he continues his work on economics, philosophy, and social theory.

Hayek is awarded the Nobel Prize in Economics, along with Gunnar Myrdal, for his pioneering work on the theory of money and economic fluctuations and for his penetrating analysis of the interdependence of economic, social, and institutional phenomena.

Friedrich Hayek dies in Freiburg, Germany, leaving behind a legacy as one of the most influential economists and social theorists of the 20th century.