no prominent American university wanted to hire Hayek. Therefore, as they did for Mises, they found one that would, in part by their promising to pay Hayek’s salary. Luhnow met personally with University of Chicago president Robert Maynard Hutchins and offered $150,000—$15,000 per year for ten years—to cover Hayek’s cost. Hutchins agreed, and Hayek was appointed in 1950
