Born in Austria in 1899, Nobel Prize-winning economist Friedrich von Hayek was an advocate of free-market capitalism. He is known for his criticism of the prevailing economic theories of the 20th ...

Salma Hayek cut a stunning and curvaceous figure in a beautiful Gucci dress on the Golden Globes red carpet in Los Angeles.

“The dominant ‘macro-economic theory,’” Hayek predicted, “is likely to make later large-scale unemployment inevitable.”Indeed, the decade ended with simultaneous high inflation and high unemployment.

In western democracies, Keynes' ideas would dominate for decades, until the economic crises of the 1970's forced political leaders to look for new ideas, and re-discover Von Hayek's theories.

Friedrich Hayek received the Nobel Prize in Economic Sciences (jointly) in 1974 for his pioneering work in the theory of money and economic fluctuations and for a penetrating analysis of the ...

ASHLEY HAYEK (CO-HOST): You know, what's interesting about this, too, is it's a victimless crime. The bank should be indicted in this as well because the banks were the ones who signed off on ...