1/2 star not simply for Hayek's preachy, condescending tone, but because this book was the catalyst for the gutting of the State by the flying monkeys of the Chicago School under Milton Friedman. Its influence has been widespread and long-lasting. This book told me why he was never respected in his life. Originally written as a critique of socialist Soviet Russia compared to capitalist Western nations, Hayek rapidly revised TRTS to critique Nazi Germany with the outbreak of WWII. Excepting immediate needs of war and natural disaster, "Individual freedom," writes Hayek, "cannot be reconciled with the supremacy of one single purpose to which the whole society must be entirely and permanently subordinated." This was a bit of a hate-read for me, but I was surprised that I didn't hate it with quite the intensity I expected. Hayek barely finds a place in my economics textbook. One was into history, but he was so smart and lazy, that he did not seem to take anything. One was into history, but he was so smart and lazy, that he did not seem to take anything seriously. Schools and press present the spirit of commercial enterprise as disreputable and making profit as immoral. The Road To Serfdom Review. Reviewed in the United States on October 30, 2019. This could be either due to the book's ability to articulate and defend it's central thesis, or it may be due to noteworthy/notorious figures like former Fox News darling Glenn … It comes recommended by Perry Anderson. On my list of "All Time Favorite" Books. Hayek's seemingly deliberate misreadings of history left me unconvinced, and very uneasy with the libertarian movement, if this is to be taken as a representative text. In any society freedom of thought will probably be of direct significance only for a small minority. One of his most enlightening morsels is that the system we create, creates us. Finally got around to reading this libertarian/conservative classic. Hayek's conflation of Nazism with Socialism merely because they have similar names in German is an example of stupidity on the level of mistaking the PATRIOT Act for patriotism or the Ministry of Peace for peacefulness. Hayek is a huge figure in economics and of immense influence on neoliberalism, and reading this I was struck by just how deeply and completely neoliberalism goes as a theoretical framework. One of the most intellectually stimulating books I have ever read. He ends with his solution to save counties from taking that road to slavery. This was the lowest point of intellectual history; it combined selfish morals with so-called 'logic' and used distorted arguments to justify libertarian capitalism that whenever tried has led to starvation and the deaths of thousands. There are also those conversations in the Mount Pelerin Society with Milton Friedman. Welcome back. I remember trying to talk about some of the amazing ideas I was reading in the book with the two other students in the long car rides from northern NY state to Panama City, FL and back ... and being pretty disappointed. Central planning was what he was really against, and he has a very convincing argument against putting economic planning in the hands of any government, no matter how benevolent it may seem to be. comment. Friedrich von Hayek’s The Road to Serfdom is a popular book from the Austrian School of economics. The Road to Serfdom is interesting as an influential historical document, as a critique of centralized planning, and more generally as a warning against the concentration of economic and political power. And ironically, many of the points in history that seem so pivotal today had yet to occur when Hayek wrote this book. Reviews There are no reviews yet. This doesnt only include Marxists and Fascists who Hayek equates as identical nor even members of the Labour party in Britain who might be considered fellow travellers, but even many of the younger members of. Consequently, even non-academes should find it accessible. His theory of authoritarianism consists of extrapolations from misplaced assumptions about Nazi Germany and disproven projections about the direction the U.S. & Britain are heading in the post-war era. 2020-06-24 - I first read this book my junior year in college, over spring break, on a trip to Florida (1976). We've comprehensively compiled reviews of The Road to Serfdom from the world's leading experts. Hayek, an Austrian, capitalist economist living in England during World War II, wrote The Raod to Serfdom to combat misconceptions about capitalism, totalitarianism, and socialism. "Where to employ a hundred people is represented as exploitation, but to command the same number is honorable." The historical analysis upon which this book depends amounts to nothing more than extremely poor scholarship masquerading as thoughtful contrarianism. He is considered by some to be one of the most important economists and political philosophers of the twentieth century. 1,670 Views . Hayek's arguments are often subtle and academic, but he pulls no punches, and is eminently quotable. The title and theme of the book are based on the classic The Road to Serfdom by Nobel laureate F.A. a must read for anyone who cares about politics, and its intersection with economics, 1/2 star not simply for Hayek's preachy, condescending tone, but because this book was the catalyst for the gutting of the State by the flying monkeys of the Chicago School under Milton Friedman. The core idea of this book is that central economic planning can never work as well as a truly free market, will not guarantee prosperity for all or even eliminate misery for the less fortunate, but will instead result in the virtual control of every aspect of a citizen’s existence. Be the first one to write a review. I remember trying to talk about some of the amazing ideas I was reading in the book with the two other students in the long car rides from northern NY state to Panama City, FL and back ... and being pretty disappointed. (going to make an exception to my only-radicals rule. This distracting error is unfortunately the foundation of the entirety of his argument. The other was not really into thinking these kind of issue through very much. The context of the publication of The Road to Serfdomis quite particular: this book is written in 1944 in Britain. In the years since its publication, more than a quarter million copies have been purchased. I know many would not agree with that (though many would), but Thatcher claimed him as her own and that is enough for me. It's always important to know your enemies. This is one of the foundation books for my personal philosophy. (Zimbardo's "Lucifer Effect") Early on we see a redefining of old words with new meanings. The historical analysis upon which this book depends amounts to nothing more than extremely poor scholarship masquerading as thoughtful contrarianism. The Road to Serfdom was first published in England in March 1944, followed by its American debut later that year. Its an interesting read, and gives food for thought on planned economies, but I dont see any argument for why individual freedom should be an organizing feature of any society when it is that very individual freedom that promotes a selfishness that leads to sweat shops, exploitation. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. 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