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Hayek, Friedrich August von
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Hayek, Friedrich August von (frē`drĭkh ougst` fôn hī`ək), 1899–1992, British economist, b. Vienna. He was raised and educated in Austria and taught at the London School of Economics in the 1930s, where he gained attention for his criticism of Keynes Keynes, John Maynard, Baron Keynes of Tilton (kānz)
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. He expressed his commitment to free markets and his aversion to government intervention in The Road to Serfdom (1944). The economic policies of former British Prime Minister Margaret Thatcher Thatcher, Margaret Hilda Roberts Thatcher, Baroness, 1925–, British political leader. Great Britain's first woman prime minister, Thatcher served longer than any other British prime minister in the 20th cent.
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 were significantly influenced by his ideas. Hayek branched out into the fields of philosophy, psychology, and epistemology. He was awarded the Nobel Memorial Prize in Economic Sciences in 1974.

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