Friedrich August Von Hayek (pronounced HI-YACK) was born in Vienna in 1899 to an academic family. His grandfather was a companion of Eugen Böhm von Bawerk, one of the pioneers of the Austrian School of Economics. When Hayek was growing up, reading was one of his main hobbies. Then,...
Praised by Milton Friedman as the “greatest social scientist who has lived and worked in the last half century”, Gary Becker, is best known for combining disciplines of economics and sociology to study human behavior. His approach led to many novel areas of specialization such as human capital, family economics,...
Since 2002, the Milton Friedman Prize for Advancing Liberty is a $250,000 prize that is given by Cato Institute every two years to individuals who have contributed to the human freedom. The prize is named after Milton Friedman, Nobel Prize Laureate, who is one of the most famous figures in...
Milton Friedman was born in New York in 1912. As a kid, he showed great enthusiasm to study mathematics and wanted to become an insurance actuary. While in college, he developed an interest in economics and therefore pursued graduate studies in economics in University of Chicago and later got his...
