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The Ludwig von Mises Institute  Advancing Austrian Economics,
Liberty, and Peace  Advancing the scholarship of liberty in the
tradition of the Austrian School  Search Mises.org  100 Years
Mises Daily: Saturday, May 08, 1999 by   Pause for a moment from
the parade of nonsense that is American public life, and
consider the source of great ideas that would dramatically
improve our world. The life and work of economist Friedrich
August von Hayek (1899-1992), born 100 years ago, is cause for
celebration because they have helped lead the revival of the
idea of liberty in a century of socialism.  He was educated in
Austria in the early part of this century, but it was Ludwig von
Mises's 1922 book Socialism that first jarred Hayek away from
the fashionable collectivism of his Vienna contemporaries. He
went on to become a close colleague and collaborator of Mises,
first in shaping the business cycle theory that would later win
him the Nobel Prize in eco