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Who was the founder of the Austrian School of Economics?
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The Austrian School of Economics was founded by Friedrich Hayek. Hayek was a political economist who believed that economic systems should be free from government intervention. Hayek’s most famous work was called The Road to Serfdom, which was published in 1944. Hayek believed that governments should not interfere in the economy because they would inevitably lead to economic stagnation and the loss of freedom.