Hayek is not only a famous economist in Europe in the 20th century, a winner of the Nobel Prize in Economics, a representative of neo-liberalism, but also a scholar who has a deep study of philosophy. He closely combined economic theory with philosophical thought, and founded a new discipline-economic and social philosophy, which is dominated by adhering to free market capitalism, opposing socialism, Keynesianism and collectivism. He himself is also called the spokesman of free market and liberalism.
Introduction to Hayek:
Hayek was born in an outstanding intellectual family in Vienna, Austria. His father is a doctor in the government's social welfare system and has published papers on botany. In addition, he is the cousin of the philosopher Ludwig Wittgenstein. He received his doctorate in law and political science from the University of Vienna at 192 1 and 1923 respectively, and he is also very interested in studying psychology and economics. At first, Hayek was very sympathetic to socialism, but after he listened to ludwig von mises's lecture, his economic thought began to change gradually.
Hayek believes that the free price system is not produced by intentional intervention (that is, it is designed by people in advance), but is dominated by spontaneous social order-or the order produced by human behavior rather than human design. Therefore, Hayek raised the importance of price mechanism to be as important as language. This idea led him to speculate on how the human brain adapts to these behaviors.
In his book Fatal Conceit from 65438 to 0988, Hayek believed that the birth of human civilization originated from the private property system. In his view, price is the only way for economic decision makers to communicate with each other through tacit knowledge and decentralized knowledge, thus solving the problem of economic calculation.