Friedrich August Hayek, born in Vienna in 1899, economist and social philosopher, is one of the most important thinkers of liberalism in the 20th century. He is considered one of the most important representatives of the Austrian School of National Economics. In 1974, together with Gunnar Myrdal, he received the Alfred Nobel Memorial Prize in Economics.
His work on price theory is considered his most important contribution to economics. Hayek lived and worked in Austria, Great Britain, the United States, and Germany. He spent his academic life mainly at the London School of Economics, the University of Chicago, and the University of Freiburg. From 1969 to 1974, he taught at the University of Salzburg. In 1970 Friedrich von Hayek donated his large private library to the Faculty of Law at the University of Salzburg. The Hayek Library is located in the 3rd basement of the sub-library Toskanatrakt.