Category: Spinoza

The Philosophical Influences of F. A. Hayek

Friedrich Hayek receives the Nobel Prize in Economics, in 1974

Friedrich Hayek is perhaps best known as the father of neoliberalism, a quasi-messianic belief in markets as the prime source of a concept of value (and deliverance from totalitarianism), and the idea of spontaneous order, that things – all things – are not controlled, but ordered, spontaneously. His Nobel prize in 1974 was awarded in part for his ‘penetrating analysis of the interdependence of economic, social and institutional phenomena.’ In other words, he was no mere ‘financial’ economist, whatever that might mean. His was a big project, one that encompassed the ultimate political objective of protecting individual liberty, in a career that spanned over sixty years, and major works including The Road to Serfdom and The Constitution of Liberty.

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