Friedrich August Hayek CH (8 May 1899 — 23 March 1992), born in Austria-Hungary as Friedrich August von Hayek, was an economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal) for his “pioneering work in the theory of money and economic fluctuations and… penetrating analysis of the interdependence of economic, social and institutional phenomena.”
Hayek is considered to be a major economist and political philosopher of the twentieth century. Hayek’s account of how changing prices communicate information which enables individuals to coordinate their plans is widely regarded as an important achievement in economics. He also contributed to the fields of systems thinking, jurisprudence, neuroscience and the history of ideas.
Hayek served in World War I and said that his experience in the war and his desire to help avoid the mistakes that had led to the war led him to his career. Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938. He spent most of his academic life at the London School of Economics (LSE), the University of Chicago, and the University of Freiburg.
In 1984, he was appointed as a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his “services to the study of economics.” He also received the US Presidential Medal of Freedom in 1991 from president George H. W. Bush. 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.
https://en.wikipedia.org/wiki/Friedrich_A._Hayek
https://MidwestFasteners.com #7 in a series, this video shows welding with the Capacitor Discharge Stud process for C.D. Weld Pins and C.D. Stud sizes. On screen demonstration is made of this stud welding process, stud welder parts & components, leading up to welding operation this high speed process. Popular types of Weld Pins and Weld Studs are shown with installation techniques.
Midwest Fasteners, Inc., an industry leader in the manufacture and supply of Stud Welding products, shows the preparation for Stud Welding with “C.D.” Welding Equipment. From steps in the process, to components of the welder, as well as demonstration of actual C.D. weld gun set up are shown in an easy to follow set of steps for both Capacitor Discharge Weld Pins and Weld Studs. With products and services “Made in the U.S.A.”, Midwest Fasteners can be your single source stud welding specialists.