In another work, this man distinguished between minimum sustenance and standard of life in a chapter examining "Two Kinds of Security.
This thinker posited a "division of knowledge" and noted that price is a mechanism of communicating information in works like "On the Use of Knowledge in Society." In another work, this man distinguished between minimum sustenance and standard of life in a chapter examining "Two Kinds of Security." This man included an appendix onto his work The Constitution of Freedom entitled (*) "Why I am Not a Conservative" and won the 1974 Nobel in Economics along with Gunnar Myrdal, primarily for his thesis tying central planning to social stagnation. For 10 points, name this Austrian-born economist who argued that Nazism and Soviet totalitarianism have their origins in socialism in The Road to Serfdom.
This thinker posited a "division of knowledge" and noted that price is a mechanism of communicating information in works like "On the Use of Knowledge in Society."
Friedrich von {Hayek}