The Friedrich-August-von-Hayek-Stiftung was initiated in May 1999 on the occasion of the 100th birthday of the eponymous scholar. It is a non-profit foundation under private law and has its registered office in Freiburg im Breisgau.
Aim of the foundation is to strengthen and promote the prerequisites of a liberal economic and social order, as conceived by Friedrich August von Hayek, on the national as well as the international level. To further this aim the foundation awards every other year two prizes: the International Prize of the Friedrich-August-von-Hayek-Stiftung and the Publishing Prize of the Friedrich-August-von-Hayek-Stiftung.
The fundamental attitude of true individualism is that of regarding man not as highly rational and intelligent, but as very irrational and fallible, and that his individual errors are corrected only in the course of a social process, and that his social position and value are determined by his contribution to the process of society.
Friedrich August von Hayek, from: āIndividualism: True and Falseā, 1946
Awards of the Friedrich-August-von-Hayek-Stiftung
Recognition of exceptional achievements for freedom and the market economy
Every other year, the foundation awards two prizes: the International Prize of the Friedrich-August-von-Hayek-Stiftung and the Publishing Prize of the Friedrich-August-von-Hayek-Stiftung. These prizes honor personalities who have made outstanding and exemplary contributions to the establishment, strengthening or promotion of a liberal economic and social order. The Foundation thus promotes the dissemination and consolidation of the principles of individual freedom and market economy, both at national and international level, in the spirit of Friedrich August von Hayek.
