The Road to Serfdom: Text and Documents: The Definitive Edition (The Collected Works of F. A. Hayek) Hardcover – 16 Jul 2007
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"In my opinion it is a grand book. . . . Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement."
--John Maynard Keynes
"A version of a recognized classic text that provides a full and rich context from which to understand its emergence and eventual powerful impact on the course of events and ideas in the twentieth century. . . . The University of Chicago Press and Bruce Caldwell have done an excellent job in dressing up this classic book for both the general reader and scholars in a variety of disciplines and the hiostory of ideas."--Steven Horwitz "EH.Net "
"It takes courage, or something like it, to declare one's offering 'The Definitive Edition'. . . . I have no hesitation, though in describing this as an excellent edition."--Roger Kimball "New Criterion " --This text refers to an out of print or unavailable edition of this title.
About the Author
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg." --This text refers to an out of print or unavailable edition of this title.
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Top Customer Reviews
This is a defence of private property, and the responsibility of the individual for his own fate whatever it may be. It is not libertarian; it does not wish to whittle down the power of the state to a bare minimum. However, aside from the legislation of basic standards, it argues for the exclusion of centralised power from the quick of economic life and the enabling of choice even to the poorest. It is a fundamental text of what was once called liberalism, and is as relevant today as it ever was.
Hayek's book is a frontal attack on the socialist dream of a centrally planned economy, which should wipe out the cyclical swings in a free market system.
For Hayek, a centrally planned economy is a synonym for slavery.
Hayed argues rightly that the replacement of free enterprise and competition by collectivism equals he abolition of democracy.
As L. Trotzky remarks (quoted in this book): 'In a country where the sole employer is the state, opposition means death by slow starvation. The old principle - who does not work shall not eat - has been replaced by a new one - who does not obey shall not eat.'
A centrally planned economy creates a totalitarian system where the end justifies the means, which in other words means a denial of all morals. Moreover, the individual is not respected as a man but becomes a cog in an enormous bureaucracy, where tolerance is not tolerated.
For real liberals (like B. Russell) power has been the archevil; to the strict collectivist it is a goal in itself.
Hayek is by any means not a pure liberal, because he insists that every state should provide a system of social insurance wth a minimum income for all.
Hayek's warnings have been gravely vindicated by the gruelng inhumanity of the totalitarian regimes, created after World War II.
This is a great book about liberty and independence, truth and intellectual honesty, peace and democracy and respect for the individual qua man.
A must read.
The book is very well written in clear English. It's not a polemic, but a polite and reasoned examination of the realities of human nature and the consequences which follow attempts at social planning. Hayek shows government attempts at planning and control of the economy - even parts of it - leads to the erosion of freedom for individuals who eventually become 'serfs' of the state, having the option of no other employer. `Social security' according to Hayek, is incompatible with the maintenance of personal freedom.Read more ›
Most Recent Customer Reviews
The Road to Serfdom is the sort of book I read commentaries of while studying Politics at university rather than reading it directly. Read morePublished 17 days ago by L. Davidson
As many have said before me...if you think of yourself as a liberal conservative type, reading this book makes you feel as though you've arrived home. Read morePublished 5 months ago by R
"We shall never prevent the abuse of power if we are not prepared to limit power in a way which occasionally may also prevent its use for desirable purposes. Read morePublished 7 months ago by Colm Gillis
Gives an insight into why capitalism might not be perfect - but is seemingly better than all other systems. - if freedom matters to you. Read morePublished 9 months ago by Sorrel
Hayek is clever thinker, his idea are simple & elegant & well funded.
he attacks the socialiste by : running the economy is too complex, nobody can predict the result of any... Read more
Why socialism must inevitably lead to totalitarianism. Said to be the book which most influence Margret ThatcherPublished 15 months ago by David Dunn
I can see why this book has been so loved by neo-cons such as Thatcher and Reagan as it fulminates against any sort of governmental control of unfettered capitalism. Read morePublished 17 months ago by R. W. Rose