Society & Culture
Austrian-born economist Friedrich Hayek was noted for his criticisms of the Keynesian welfare state and of totalitarian socialism which was laid out in his popular book The Road to Serfdom (1944). In 1974, he shared the Nobel Prize for Economics with Swedish economist Gunnar Myrdal. Nicholas Wapshott is the author of Keynes/Hayek: The Clash That Defined Modern […]