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The Road to Serfdom: With the Intellectuals and Socialism Paperback – Jul 1 2005


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Product Details

  • Paperback: 131 pages
  • Publisher: Institute of Economic Affairs (July 1 2005)
  • Language: English
  • ISBN-10: 0255365764
  • ISBN-13: 978-0255365765
  • Product Dimensions: 1 x 12.5 x 19.3 cm
  • Shipping Weight: 159 g
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (109 customer reviews)
  • Amazon Bestsellers Rank: #43,897 in Books (See Top 100 in Books)
  • See Complete Table of Contents


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1 of 1 people found the following review helpful By Duncan Jacob on Dec 26 2012
Format: Audio CD Verified Purchase
I would have prefered the book rather than the audio, but still very informative.Too bad they don't teach this stuff in school.
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5 of 5 people found the following review helpful By A Customer on July 7 2004
Format: Paperback
Hayek distinguishes liberty, or true freedom, from license and "serfdom." In the tradition of Adam Smith, he analyzes economic and political questions from moral and practical perspectives, with emphasis on individual liberty. His central conceit, that increasing government activity in the economic sphere would devalue individual dignity and stifle human progress, might seen overblown to some readers; it could be that the influence of this book on conservative political leaders and thinkers in the latter half of the American century may have corrected some of the impending problems Hayek foresaw. The Road to Serfdom is a pleasurable, thought-provoking read, persuasively written.
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5 of 6 people found the following review helpful By Pieter Uys HALL OF FAMETOP 50 REVIEWER on July 16 2006
Format: Paperback
Even after six decades, The Road To Serfdom remains essential for understanding global economics and politics. Hayek's main point, that whatever the problem, human nature demands that government be the solution, and that this is the road to hell, remains more valid than ever. He pointed out how similar the situation was under Soviet communism and fascism in Germany and Italy.

The consensus in post-war Europe was for the welfare state and this has led to declining birth-rates, mass immigration from North Africa and the Middle East, and a tendency to exchange their ancient cultural values for the frauds of postmodernism and multiculturalism.

In this classic, Hayek discusses matters like planning and power, the fallacy of the utopian idea, planning versus the rule of law. He brilliantly explains how we are faced with two irreconcilable forms of social organization. Either choice and risk resides with the individual or he is relieved of both.

Complete economic security is inseparable from restrictions on liberty - it becomes the security of the barracks. When the striving for security becomes stronger than the love of freedom, a society is in deep, deep trouble. The way to prosperity for all is to remove the obstacles of bureaucracy in order to release the creative energy of individuals.

The government's job is not to plan for progress but to create the conditions favourable to progress. This has been proved by the awesome economic expansion under Reagan and Thatcher and by the amazing growth of the Asian Tiger economies, and most recently India as it implements sensible economic policies.
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1 of 2 people found the following review helpful By Chad M. Brick on Jan. 20 2001
Format: Paperback
When Hayek wrote "The Road to Serfdom" in 1944, the the economic portion of the political climate was steeped in Keynesian thought, and Hayek's work went almost unnoticed. Fifty-seven years later, there is little doubt as to who was right. The most prosperous nations on Earth are also the most free - socially AND economically.
Hayek is one of the fathers of the neo-classical school of economic thought, and modern libertarianism. In this book, Hayek demonstrates the inherent contradiction between freedom and a command economy, and the inevitable descent of socialism into totalitarianism. The accuracy of his predictions of the long-term results of communism were uncanny, and a dire warning against attempting this road yet again.
This is an absolutely essential book for a modern libertarian or student of economics, as well as any liberal or conservative with an open mind and a desire to understand the vastly differing economies and governments of the world. Written for the layman, it is lucid, clear, to-the-point, and, most importantly, has been backed up by world events during last half-century. A classic work in the field of economics.
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2 of 3 people found the following review helpful By Timothy Burger on April 10 2004
Format: Paperback
I think that one of the true hallmarks of great writing and great thought is that it stands the test of time. Hayek wrote this in 1946, while socialism was sweeping across Europe, at that point he was the voice in the wilderness crying out against the onslaught of socialism, he was right. His views have been in favor (the tremendous success of Thatcher and Regan in the 1980s) and out of favor (today), but he has always been right.
This is a compleeling case that strikes right at the heart of the most important political debates. It is not about temporary issues that will be gone in a year, it is about the meat of the issue, that more government requires taking away liberty and choice for idividuals and leads to major problems. I will not try to summarize Hayek's work, because I will not do it justice, but I highly recommend this work.
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By V.I Lenin on March 15 2004
Format: Paperback
Makes the compelling case that socialism/communism are really very much the same animal.
The real shame here is that many of those who most need to read this book are in denial about the failure of communism/socialism.
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Format: Paperback
I adored Hayek's points about the linkage between Stalinist Russia and the National Socialist in Western Europe. It helps the American/British right debunk the myth that Hitler was of a conservative mould.
We should not forget the power of the free market. When man can no longer control his own economic future, then there is no freedom. Milton Freidman's 'Capitalism and Freedom' is another great work displaying the erudition of economics that every College Student and most High School students should be aware of.
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