Friedrich von Hayek was a Nobel Prize winning Austrian-British economist and philosopher, best known for his defense of classical liberalism. Born towards the end of the 19th century in Vienna, he received his education at the University of Vienna. He began his academic career at his alma mater before moving to London School of economics where he taught for almost two decades. A staunch supporter of classical liberalism, he soon got embroiled in an academic conflict with Lord Keynes over the latter’s support of welfare state and totalitarian socialism, writing number of papers in his defense. Meanwhile in 1937, he became a British citizen and remained so for rest of his life in spite of the fact on leaving Great Britain in 1950, he never returned to the country. He spent rest of his career at the University of Chicago, Albert Ludwig University of Freiburg and University of Salzburg, working tirelessly till the end on a wide variety of topics. Friedrich shared the 1974 Nobel Prize in Economics with Gunnar Myrdal.