(1899–1992), Austrian-born British economist; full name Friedrich August von Hayek. Strongly opposed to Keynesian economics, he was a leading advocate of the free market. Nobel Prize for Economics (1974).
Definition of Hayek, Friedrich in US English:
Hayek, Friedrich
proper nounˈhīək
(1899–1992), British economist; born in Austria; full name Friedrich August von Hayek. Strongly opposed to Keynesian economics, he was a leading advocate of the free market. Nobel Prize for Economics (1974), shared with Gunnar Myrdal.