The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
Gunnar Myrdal, Friedrich August von Hayek
Friedrich August von Hayek
Born: 8 May 1899, Vienna, Austria
Died: 23 March 1992, Freiburg, Germany
Prize motivation: "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena"
Field: institutional economics, macroeconomics
Contribution: Research on the interrelations between economic, social and political processes.
Prize share: 1/2