Top 10 Days More Deserving as National Holidays Than Labor Day

3. October 9: F.A. Hayek Announced as Co-Recipient of Nobel Prize in Economics

Few people have done as much for libertarianism as F.A. Hayek. As a major proponent of Austrian Economics, Hayek spent his life promoting a message of freedom. Truly, receiving the 1974 Nobel Prize validated much of what Hayek stood for. The award led to his famous speech, The Pretense of Knowledge.

While Hayek doesn’t always get as much credit as fellow Austrians like Ludwig von Mises or Murray Rothbard, he should. In reality, there would be no better way to honor his legacy than with a holiday commemorating his Nobel Prize. While labor unions tend to run contrary to economic logic, Hayek was the definition of it.