Hayek: Market Mechanism and Criticism of Socialism
F.A. Hayek was awarded the Nobel Prize in Economics in 1974. He contributed, among other things, to the theory of prices, business cycle, and money, for which he won the prize. However, several critics call him a “non-economist” or a “repeater” of L. von Mises’s theories. He has long been in dispute with J. M. Keynes.