Q: Who was Friedrich August von Hayek?
A: Friedrich August von Hayek was an Austrian-British economist and political philosopher. He became known for strongly defending liberalism and free-market capitalism.
Q: What did Hayek think about forms of government like socialism?
A: Hayek thought that forms of government like socialism were not good for the economy, and damaged freedom of the individual.
Q: What is one of his most famous works?
A: One of his most famous works is The Road to Serfdom, which refers to the consequences of socialism.
Q: What fields did he have ideas in?
A: He had many ideas in the fields of jurisprudence and cognitive science.
Q: What award did he receive in 1974?
A: In 1974, he shared the Nobel Prize in Economics with his rival Gunnar Myrdal for their work in the theory of money and economic fluctuations; also for their analysis of the inter-dependence of economic, social and institutional phenomena.
Q: When did he receive U.S Presidential Medal of Freedom?
A: He received U.S Presidential Medal of Freedom in 1991.
Q: How did governments change during 20th century due to him?
A:He is thought to be one major cause behind change from Keynesian policies during first part 20th century towards classical liberalism in 1980s & later (under Ronald Reagan & Margaret Thatcher).