The Life and Important Works of August von Hayek

The Life and Important Works of August von Hayek

June 27, 2021 Off By Felso

Hayek was born on May 8, 1899 in Vienna. Of course, he belonged to a family with roots in the field of science. One of his grandfathers was a zoologist and the other a statistician and was President of the Austrian Statistical Commission. One of Hayek’s brothers, whose father was also a medical doctor, was a professor of anatomy in Vienna and the other a professor of chemistry elsewhere. Although he was separated from the field of natural sciences, the family tradition continued. His daughter became a biologist, his son a bacteriologist.(1)

Hayek undoubtedly benefited greatly from his intellectual environment. Even before he learned the meaning of the word economy, he had known great economists such as his father’s friend Eugen Von Böhm Baverk. In this capacity, it was quite normal for him to enter the University of Vienna, again receiving two doctorate degrees in law (1921) and political science (1923).

Hayek first met John Maynard Keynes in London in 1928. He was appointed Professor of Statistics and Economics at the University of London, where he remained until 1950. His reputation in England impressed him so much that he became a British subject in 1938, just weeks before German forces invaded his home country of Austria. Hayek’s friendship with Keynes lasted throughout the war years. Hayek’s studies of pure economic theory continued with works such as The Pure Theory of Capital in 1941. He wrote Road The Serfdom in 1942 because he was impressed by the growing power of socialist utopian ideals based on a misunderstanding of society and incapable of being applied in Britain at the time.(2)

Hayek, who spent thirty-one years of his most productive age in the English-speaking world, took a position as professor of economic policy at the University of Freiburg in 1962. Upon his retirement in 1967, he was conferred an honorary Professorship at the University of Salzburg in his native Austria, and other titles from all over the world for his work in philosophy, economics and political science to this day. His fame earned him an honorary doctorate from Tokyo Rikkyo University in 1964. Then in 1971 the University of Vienna made him a senator. He won the Nobel Prize in Economics in 1971, jointly with the Swedish economist Gunnar.

By the time he received the Nobel Prize, he had written 25 books in the fields of economic theory, political and legal philosophy, the history of thought, and even psychology. He was the owner of 10 booklets and more than 130 articles. After the Nobel Prize, many more publications appeared, including printed versions of many lectures he gave around the world.

Hayek’s Major and Most Important Works

— Prices and Production, 1931.
— Monetary Theory and The Trade Cycle, 1933.
— Profits, Insert and İnverstmen, and Other Essays on The Theory of Industrial Fluctuation, 1939.
— The Pure Theory of Capital, 1941.
— Low Legislation and Liberty, I-II-III.
— The Road to Serfdom, 1944.
— The Sensory Order, An Inguiry Into The Foundations of Theoretical Psychology, 1976.
— The Constitution of Liberty, 1960.
— The Counter–Revolution of Science, 1952.
— Individualism and Economic Order, 1948.
— The Counter Revelution of Science, 1952.
— Studies, in Philosophy, Politics and Economics and the History of Ideas, 1978.
— The Fatal Conceit,
— New Studies in Philosophy, Politics, Economic and The History of Ideas, 1978.
— Capitalism and the Historians, 1954.
— Choice in Currency, 1976.
— Collectivist Economic Planning, 1976.
— Confusion of Language in Political Thought.
— The Denationalization of Money, 1978.
— Economic Freedom and Representative Government,
— Full Employment at Any Price, 1975.
— Monetary Nationalism and International Stability, 1964.
— The Reactionary Character of the Socialist Conception, 1978.
— Unemployment and Monetary Policy, 1979.

Anyone who knew Hayek would agree that his main concern was not the violent quarrels of politics and academic life but his ideas. Hayek’s style can be regarded as extraordinary, both in terms of his writings and personality. Consequently, he attributed almost nothing to his opponents beyond intellectual errors. (3)


(1) Butler, Eamon; Hayek, Trans. Yusuf Ziya Çelikkaya, Liberal Thought Community Publications, Istanbul, 1996, p. 2nd.
(2) sh. 5.
(3) Butler; Age, sh. 2nd.