Edited
By John Cunningham Wood, Robert D. Wood
April 08, 2004
Hayek's reputation has gone through a remarkable cycle. An eminent exponent of the Austrian theory of business cycles in the 1930s, he was worsted in the controversy over Keynes' Treatise on Money (1930). Following this defeat, Hayek retreated into capital theory, an esoteric branch of economics in...
Edited
By John Cunningham Wood, Ronald N. Woods
March 22, 1991
F.A. Hayek studied at the University of Vienna, where he became both a Doctor of Law and a Doctor of Political Science. After several years in the Austrian civil service, he was made the first diector of the Austrian Institute for Business Cycle Research. In 1931 he was appointed Tooke Professor of...