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The Road to Serfdom
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Road and Serfdom
Hayek was concerned about the general view in Britain's academia that fascism was a capitalist reaction to socialism and The Road to Serfdom arose from those concerns.
At the arrangement of editor Max Eastman, the American magazine Reader's Digest also published an abridged version in April 1945, enabling The Road to Serfdom to reach a far wider audience than academics.
The economist Walter Block observed critically that while The Road to Serfdom is " a war cry against central planning ," it does show some reservations with a free market system and laissez-faire capitalism, with Hayek even going so far as to say that " probably nothing has done so much harm to the liberal cause as the wooden insistence of some liberals on certain rules of thumb, above all the principle of laissez-faire.
Hayek was disappointed that the book did not receive the same enthusiastic general reception as The Road to Serfdom had sixteen years before.
In his popular book, The Road to Serfdom ( 1944 ) and in subsequent academic works, Hayek argued that socialism required central economic planning and that such planning in turn leads towards totalitarianism.
Informal discussions with colleagues and friends stimulated a greater interest, which was reinforced by Friedrich Hayek's powerful book The Road to Serfdom, by my attendance at the first meeting of the Mont Pelerin Society in 1947, and by discussions with Hayek after he joined the university faculty in 1950.
For example, Hayek's discussion in The Road to Serfdom ( 1944 ) about truth, falsehood and the use of language influenced some later opponents of postmodernism.
" Hayek's the Road to Serfdom Revisited: Government Failure in the Argument against Socialism ", Eastern Economic Journal Vol.
" Freedom, Planning, and Totalitarianism: The Reception of F. A. Hayek's Road to Serfdom ", Canadian Review of American Studies
* " The Road from Serfdom ", Thomas W. Hazlett, Reason, July 1992, includes his 1977 interview with Hayek
For his part, Keynes praised Hayek's book The Road to Serfdom, writing to the Austrian economist that, " Morally and philosophically I find myself in agreement with virtually the whole of it.
After reading Hayek's The Road to Serfdom, Keynes wrote to Hayek saying: " Morally and philosophically I find myself in agreement with virtually the whole of it " but concluded the same letter with the recommendation: On the pressing issue of the time, whether deficit spending could lift a country from depression, Keynes replied to Hayek's criticism in the following way:
Inspired by radical debate in the student community, he wrote a critical essay on Friedrich Hayek's The Road to Serfdom.
In The Road to Serfdom, Hayek argued that " Economic control is not merely control of a sector of human life which can be separated from the rest ; it is the control of the means for all our ends.
In The Road to Serfdom, Hayek argued that " Economic control is not merely control of a sector of human life which can be separated from the rest ; it is the control of the means for all our ends.
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