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The Road to Serfdom: With the Intellectuals and Socialism Paperback – Jul 1 2005
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This book has become a true classic: essential reading for everyone who is seriously interested in politics in the broadest and least partisan sense. - Milton Friedman
This book should be read by everybody. It is no use saying that there are a great many people who are not interested in politics; the political issue discussed by Dr Hayek concerns every single member of the community. - The Listener --This text refers to the Hardcover edition.
About the Author
Friedrich August Hayek (May 1899 - March 1992), born in Austria-Hungary as Friedrich August von Hayek and frequently known as F. A. Hayek, was an Austrian, later British, economist and philosopher best known for his defence of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences (with Gunnar Myrdal) for his "pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic, social and institutional phenomena". Hayek was a major political thinker of the twentieth century, and his account of how changing prices communicate information which enables individuals to coordinate their plans is widely regarded as an important achievement in economics.
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Top Customer Reviews
Scribing about the Road To Serfdom is a humbling experience. This is, after all, a book that would launch a thousand other similar philosophies, perceiving humanity at its glorious apex, when it is, both economically and politically, liberated from the framework of the interfering state. Pertinently avowed within Hayek's writing is that germ of alarm and concern at the world he has left behind. This is no ordinary academic, swallowed up from an early age in the same old, same old study, but a man who had out of a horrible necessity fled from Nazi Germany to save himself.
The book gives an urgent, unhindering tone to what might well have been an otherwise stale political treatise. Hayek, we must remember, is not writing about politics from a third person perspective ; he is writing from the vantage point of someone supremely concerned that curtailment of our economic freedom in this country, through ostensible socialism, will eventually lead to solid totalitarianism. It goes like this. First, the wages are controlled, then the housing supply is controlled, then your neighbours disappear, then we build a Gulag. It is an easy idea, one that we can see in our everyday experiences - if you give a child a piece of chocolate, he will demand more and more. If you allow free reign to governments to have some economic control over my life- and yours- they will, and believe me on everyone of these words, will want the whole cake in the end. They won't just eat it, but snatch it, smash it, and fashion it in their own image.
Mocking is an easy habit, and it is something that liberals have often felt it necessary to do at the sincere, well-meaning writings of right-wing libertarians. It is a reaction to be pitied.Read more ›
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.Read more ›
This little book, a reprint of the version which appeared in the Reader's Digest, deserves five stars for a number of reasons.
Firstly for the central message which it contains about the dangers of the collectivist state and the concentration of powers that such a state holds unto itself. Hayek dedicated his book to the socialists of all parties by which he meant that in all political parties, and indeed in the minds of many who hold no party affiliation, there are those who hold that the only way to achive a particular end is through the power of the state. He shows however, that the state which accumulates power eventually will turn that power onto the people and in the process dehumanizes those that wield power such that any revolting activity becomes justifiable. This book contains the central tenents of his arguments which are laid out in full in the unabridged version. Hayek abhors the development of the state in modern societies seeing the entity which is the state as a sort of evil empire and cautions people to be watchful and on their guard so that they maintain a healthy suspicion of the state and act to keep it from becoming too powerful. Yet, ironically, Hayek sees the tendency for such states to flourish in the so-called free societies of England and the United States. Here in New Jersey, earlier in 2002, the city of Morristown passed an ordinance which limits the number of pets which can be held in an individual household. Clearly the state intervenes too much in our lives already.Read more ›
Most recent customer reviews
This is not original text but "executive summary" suitable for grade 8 or grade 9 of high school students.Published 20 months ago by Andrew
I would have prefered the book rather than the audio, but still very informative.Too bad they don't teach this stuff in school.Published on Dec 26 2012 by Duncan Jacob
If you love Enron and Halliburton, and you support corporate opression of the middle-class, read this hogwash. Read morePublished on July 19 2004
I think that one of the true hallmarks of great writing and great thought is that it stands the test of time. Read morePublished on April 10 2004 by Timothy Burger
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... Read more
I adored Hayek's points about the linkage between Stalinist Russia and the National Socialist in Western Europe. Read morePublished on March 6 2004 by drohan00
A great treatise on why government should step aside and let the human moral compass lead the way to the human ideal. Read morePublished on March 2 2004 by John R. Nicholas
I am not a professional economist, but have studied the subject for over 20 years. My three favorite authors on the subject are Adam Smith (for his work that helped shape a... Read morePublished on Jan. 15 2004 by Buckminster