F. A. Hayek, was an Austrian-British economist and political philosopher who made contributions to economics, political philosophy, psychology, intellectual history, and other fields. Hayek (1899-1992) is known for his vision of the market economy as an information processing system characterized by spontaneous order: the emergence of coherence through the independent actions of large numbers of individuals, each with limited and local knowledge, coordinated by prices that arise from decentralized ... Hayek is recognized as the philosopher/economist who championed liberty and opposed socialism. Marx, especially after the experience of bolshevism, is seen as the high priest, if not the god, of socialism and the enemy of liberty. Hayek is thus anti-Marx as he is also anti-Keynes.Jan 28, 2007 nitially sympathetic to Wieser's democratic socialism, Hayek found Marxism rigid and unattractive, and his mild socialist phase lasted until he was about 23. Hayek's economic thinking shifted away from socialism and toward the classical liberalism of Carl Menger after reading von Mises' book Socialism. Hayek was concerned about the general view in Britain's academia that fascism was a capitalist reaction to socialism and The Road to Serfdom arose from those concerns.[78] The title was inspired by the French classical liberal thinker Alexis de Tocqueville's writings on the "road to servitude".