Hayek School of Economics

The Hayek School of Economics, inspired by Friedrich Hayek, emphasizes the importance of free markets, individual choice, and limited government intervention. It argues that economic information is decentralized and best dispersed among many individuals, making market prices and competition essential for efficient resource allocation. Hayek believed that spontaneous order—patterns emerging naturally from people's actions—guides economies better than centralized planning. This approach values individual freedom, innovation, and adaptability, viewing government intervention as potentially distorting markets. Overall, it promotes a decentralized, trust-based system where voluntary exchanges lead to economic stability and growth.