 Hayek’s economic education at the University of Vienna was within the law faculty. Hayek’s degrees were in political science, jurisprudence, and economics. His dissertation work was on the technical topic of the imputation of value in a capital-using economy, and his early professional work focused on monetary theory and business cycle statistics. As with other scholars of the Austrian School of Economics, the institutional framework within which economic activity takes place was never far from the foreground of even the most technical economic analysis. Law, politics, and social mores all are critical to the way Austrian economists see economic forces playing out in the real world. 