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Friedrich Hayek CH (8 May 1899 – 23 March 1992), was an Austrian, later turned British, economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal) for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena".
His ideas summarized:
He wanted the government to stop interfering with the markets, e.g.
lowering interest rates.
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