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F. A. Hayek
Friedrich August von Hayek (8 May 1899 – 23 March 1992) was an Austrian-born British academic and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize. He was a major contributor to the Austrian school of economics. During his teenage years, Hayek fought in World War I. He later said this experience, coupled with his desire to help avoid the mistakes that led to the war, drew him into economics. He earned doctoral degrees in law in 1921 and political studies in 1923 from the University of Vienna. He subsequently lived and worked in Austria, Great Britain, the United Sta ...
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Austrian School
The Austrian school is a Heterodox economics, heterodox Schools of economic thought, school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their self interest. Austrian-school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian school originated in 1871 in Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical school of economics, Historical school, in a dispute known as ''Methodenstreit'', or methodology quarrel. Current-day economists working in this tradition are located in many countries, but their work is still referred to as Austrian economics. Among the theoretical contribu ...
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Thomas Carlyle
Thomas Carlyle (4 December 17955 February 1881) was a Scottish essayist, historian, and philosopher. Known as the "Sage writing, sage of Chelsea, London, Chelsea", his writings strongly influenced the intellectual and artistic culture of the Victorian era. Carlyle was born in Ecclefechan, a village in Dumfriesshire. He attended the University of Edinburgh where he excelled in mathematics and invented the Carlyle circle. After finishing the arts course, he prepared to become a minister in the Burgher (Church history), Burgher Church while working as a schoolmaster. He quit these and several other endeavours before settling on literature, writing for the ''Edinburgh Encyclopædia'' and working as a translator. He initially gained prominence in English-language literary circles for his extensive writing on German Romanticism, German Romantic literature and philosophy. These themes were explored in his first major work, a semi-autobiographical philosophical novel entitled ''Sartor ...
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John Henry Newman
John Henry Newman (21 February 1801 – 11 August 1890) was an English Catholic theologian, academic, philosopher, historian, writer, and poet. He was previously an Anglican priest and after his conversion became a cardinal. He was an important and controversial figure in the religious history of England in the 19th century and was known nationally by the mid-1830s. He was canonised as a Catholic saint in 2019. He was a member of the Oratory of St. Philip Neri. Originally an evangelical academic at the University of Oxford and priest in the Church of England, Newman was drawn to the high church tradition of Anglicanism. He became one of the more notable leaders of the Oxford Movement, an influential and controversial grouping of Anglicans who wished to restore to the Church of England many Catholic beliefs and liturgical rituals from before the English Reformation. In this, the movement had some success. After publishing his controversial Tract 90 in 1841, Newman la ...
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Joseph De Maistre
Joseph Marie, comte de Maistre (1 April 1753 – 26 February 1821) was a Savoyard philosopher, writer, lawyer, diplomat, and magistrate. One of the forefathers of conservatism, Maistre advocated social hierarchy and monarchy in the period immediately following the French Revolution. Despite his close personal and intellectual ties with France, Maistre was throughout his life a subject of the Kingdom of Sardinia, which he served as a member of the Savoy Senate (1787–1792), ambassador to the Russian Empire (1803–1817), and minister of state to the court in Turin (1817–1821). A key figure of the Counter-Enlightenment and a precursor of Romanticism, Maistre regarded monarchy both as a divinely sanctioned institution and as the only stable form of government. He called for the restoration of the House of Bourbon to the throne of France and for the ultimate authority of the Pope in both spiritual and temporal matters. Maistre argued that the rationalist rejection of Christian ...
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Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes ( ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the schools of economic thought, school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream economics, mainstream macroeconomics. He is known as the "father of macroeconomics". During the Great Depression of the 1930s, Keynes spearheaded Keynesian Revolution, a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as ...
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Thomas Jefferson
Thomas Jefferson (, 1743July 4, 1826) was an American Founding Fathers of the United States, Founding Father and the third president of the United States from 1801 to 1809. He was the primary author of the United States Declaration of Independence, Declaration of Independence. Jefferson was the nation's first United States Secretary of State, U.S. secretary of state under George Washington and then the nation's second vice president of the United States, vice president under John Adams. Jefferson was a leading proponent of democracy, republicanism, and Natural law, natural rights, and he produced formative documents and decisions at the state, national, and international levels. Jefferson was born into the Colony of Virginia's planter class, dependent on slavery in the colonial history of the United States, slave labor. During the American Revolution, Jefferson represented Virginia in the Second Continental Congress, which unanimously adopted the Declaration of Independence. ...
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Thomas Hobbes
Thomas Hobbes ( ; 5 April 1588 – 4 December 1679) was an English philosopher, best known for his 1651 book ''Leviathan (Hobbes book), Leviathan'', in which he expounds an influential formulation of social contract theory. He is considered to be one of the founders of modern political philosophy. In his early life, overshadowed by his father's departure following a fight, he was taken under the care of his wealthy uncle. Hobbes's academic journey began in Malmesbury#Westport St Mary, Westport, leading him to the University of Oxford, where he was exposed to classical literature and mathematics. He then graduated from the University of Cambridge in 1608. He became a tutor to the Cavendish family, which connected him to intellectual circles and initiated his extensive travels across Europe. These experiences, including meetings with figures like Galileo, shaped his intellectual development. After returning to England from France in 1637, Hobbes witnessed the destruction and br ...
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Edward Gibbon
Edward Gibbon (; 8 May 173716 January 1794) was an English essayist, historian, and politician. His most important work, ''The History of the Decline and Fall of the Roman Empire'', published in six volumes between 1776 and 1789, is known for the quality and irony of its prose, its use of primary sources, and its polemical Criticism of religion, criticism of organized religion. Early life: 1737–1752 Edward Gibbon was born in 1737, the son of Edward Gibbon (died 1770), Edward and Judith Gibbon, at Lime Grove in the town of Putney, Surrey. He had five brothers and one sister, all of whom died in infancy. His grandfather, also named Edward, had lost his assets as a result of the South Sea Company, South Sea bubble stock-market collapse in 1720 but eventually regained much of his wealth. Gibbon's father thus inherited a substantial estate. His paternal grandmother, Catherine Acton, was granddaughter of Sir Walter Acton, 2nd Baronet. Gibbon described himself as "a puny child, neg ...
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Sigmund Freud
Sigmund Freud ( ; ; born Sigismund Schlomo Freud; 6 May 1856 – 23 September 1939) was an Austrian neurologist and the founder of psychoanalysis, a clinical method for evaluating and treating psychopathology, pathologies seen as originating from conflicts in the Psyche (psychology), psyche, through dialogue between patient and psychoanalyst, and the distinctive theory of mind and human agency derived from it. Freud was born to Galician Jews, Galician Jewish parents in the Moravian town of Příbor, Freiberg, in the Austrian Empire. He qualified as a doctor of medicine in 1881 at the University of Vienna. Upon completing his habilitation in 1885, he was appointed a docent in neuropathology and became an affiliated professor in 1902. Freud lived and worked in Vienna having set up his clinical practice there in 1886. Following the Anschluss, German annexation of Austria in March 1938, Freud left Austria to escape Nazi persecution. He died in exile in the United Kingdom in 1939. In ...
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Benjamin Franklin
Benjamin Franklin (April 17, 1790) was an American polymath: a writer, scientist, inventor, statesman, diplomat, printer, publisher and Political philosophy, political philosopher.#britannica, Encyclopædia Britannica, Wood, 2021 Among the most influential intellectuals of his time, Franklin was one of the Founding Fathers of the United States; a Committee of Five, drafter and signer of the United States Declaration of Independence, Declaration of Independence; and the first United States Postmaster General, postmaster general. Born in the Province of Massachusetts Bay, Franklin became a successful Early American publishers and printers, newspaper editor and printer in Philadelphia, the leading city in the colonies, publishing ''The Pennsylvania Gazette'' at age 23. He became wealthy publishing this and ''Poor Richard's Almanack'', which he wrote under the pseudonym "Richard Saunders". After 1767, he was associated with the ''Pennsylvania Chronicle'', a newspaper known for it ...
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Frank Fetter
Frank Albert Fetter (; March 8, 1863 – March 21, 1949) was an American economist of the Austrian School. Fetter's treatise, ''The Principles of Economics'', contributed to an increased American interest in the Austrian School, including the theories of Eugen von Böhm-Bawerk, Friedrich von Wieser, and Ludwig von Mises. Fetter notably debated Alfred Marshall, presenting a theoretical reassessment of land as capital. Fetter's arguments have been credited with prompting mainstream economists to abandon the Georgist idea "that land is a unique factor of production and hence that there is any special need for a special theory of ground rent...." A proponent of the subjective theory of value, Fetter emphasized the importance of time preference and rebuffed Irving Fisher for abandoning the pure time preference theory of interest that Fisher had earlier espoused in his 1907 book, ''The Rate of Interest''. Early life and education Frank Fetter was born in Peru, Indiana to a Quaker ...
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