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Friedrich August von Hayek

Friedrich August von Hayek (1899–1992) is best known as a leader of the Austrian school of economics, but he also made important contributions to political theory. He was a staunch advocate of the free market, and from that position he developed his larger notion of spontaneous order—the idea that social orders work best when they evolve out of the apparently chaotic interaction of individuals, with no central control by the government and no central planning by scientific experts. [Source: The Encyclopedia of Political Science; Hayek, Friedrich August von]

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