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In "The Road to Serfdom" and "The Intellectuals and Socialism", Hayek explained the enduring appeal of socialist ideas. Socialism satisfies people's desire to impose order on the world through central direction rather than allowing an order to develop through individuals' autonomous choices. Socialism has particular appeal to intellectuals - the teachers, journalists and other commentators who pass comment on public policy without any special expertise on economic matters, whom Hayek termed 'the second-hand dealers in ideas'. Once the logic of planning has become accepted throughout society, the only solution to the inevitable failure of socialism will be the imposition of a more comprehensive plan. Hence, planning leads to a process by which individual freedom is incrementally eroded - the road to serfdom. The two papers, together with the forewords and introduction, are still so relevant today as we seek a freer world, whilst surrounded by an intellectual establishment, both in the UK and EU, that is largely hostile to freedom and capitalism.
From the Back Cover
The Road to Serfdom remains one of the all-time classics of twentieth-century intellectual thought. For over half a century, it has inspired politicians and thinkers around the world, and has had a crucial impact on our political and cultural history. With trademark brilliance, Hayek argues convincingly that, while socialist ideals may be tempting, they cannot be accomplished except by means that few would approve of. Addressing economics, fascism, history, socialism and the Holocaust, Hayek unwraps the trappings of socialist ideology. He reveals to the world that little can result from such ideas except oppression and tyranny. Today, more than fifty years on, Hayek's warnings are just as valid as when The Road the Serfdom was first published. --This text refers to the Paperback edition.
In "The Road to Serfdom" and "The Intellectuals and Socialism", Hayek explained the enduring appeal of socialist ideas. Socialism satisfies people's desire to impose order on the world through central direction rather than allowing an order to develop through individuals' autonomous choices. Socialism has particular appeal to intellectuals - the teachers, journalists and other commentators who pass comment on public policy without any special expertise on economic matters, whom Hayek termed 'the second-hand dealers in ideas'. Once the logic of planning has become accepted throughout society, the only solution to the inevitable failure of socialism will be the imposition of a more comprehensive plan. Hence, planning leads to a process by which individual freedom is incrementally eroded - the road to serfdom. The two papers, together with the forewords and introduction, are still so relevant today as we seek a freer world, whilst surrounded by an intellectual establishment, both in the UK and EU, that is largely hostile to freedom and capitalism.
From the Back Cover
The Road to Serfdom remains one of the all-time classics of twentieth-century intellectual thought. For over half a century, it has inspired politicians and thinkers around the world, and has had a crucial impact on our political and cultural history. With trademark brilliance, Hayek argues convincingly that, while socialist ideals may be tempting, they cannot be accomplished except by means that few would approve of. Addressing economics, fascism, history, socialism and the Holocaust, Hayek unwraps the trappings of socialist ideology. He reveals to the world that little can result from such ideas except oppression and tyranny. Today, more than fifty years on, Hayek's warnings are just as valid as when The Road the Serfdom was first published. --This text refers to the Paperback edition.
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