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OUR HISTORY

HIBS IS AN EDUCATIONAL INSTITUTION WITH HIGH STANDARDS OF TEACHING QUALITY, ACADEMIC WORK AND RESEARCH.

And we have just begun!!

FRIEDRICH A. VON HAYEK

NOBEL LAUREATE IN ECONOMICS: FRIEDRICH AUGUST VON HAYEK (1899-1992):

Friedrich A. von Hayek, born in Austria, was an Austrian and British economist and philosopher best known for his defense of classical liberalism. Hayek was one of the major social theorist and political philosopher of the twentieth century. His theories of changing prices are known as important achievement in economics. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, the University of Freiburg (Germany) and the University of Salzburg (Austria).

In 1982 he was appointed as member of the Order of the Companions of Honour by Queen Elizabeth II due to the advice of Prime Minister Margret Thatcher for his „services for the study of economics“. He was the first recipient of the Hans Martin Schleyer Price in Germany (H.M. Schleyer was the former President of the German Industry). He also received the US Presidential Medal of Freedom from President George Bush in 1991. In 2011, his article „The Use of Knowledge in Society“ was selected as one of the top 20 articles published in „The American Economic Review“ during its first 100 years.