Friedrich Hayek was an Austrian economist and philosopher, best known for his contributions to the development of the Chicago School of economics. He was a strong proponent of classical liberalism and laissez-faire capitalism, arguing that government intervention in markets can lead to unintended consequences and economic inefficiency. Hayek also made significant contributions to the fields of psychology and philosophy, and is best known for his book “The Road to Serfdom,” which argued against the dangers of government control over economic affairs.
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