It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.
DescriptionBritish economist and Nobel Prize for Economics laureate
AliasesFriedrich August von Hayek
BornMay 8, 1899
DiedMarch 23, 1992
CountryAustria
ProfessionEconomist; Philosopher; Historian; Political Scientist
AwardsGuggenheim Fellowship; Order Of Merit Of Baden-Württemberg; Ring Of Honour Of The City Wien; Presidential Medal Of Freedom; Order Of Merit For Arts And Science; Hanns Martin Schleyer Prize