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An Analysis of Friedrich Hayek's The Road to Serfdom (Hardcover)
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An Analysis of Friedrich Hayek's The Road to Serfdom (Hardcover)
Series: The Macat Library
Expected to ship within 12 - 19 working days
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Friedrich Hayek's 1944 Road to Serfdom is a classic of conservative
economic argument. While undeniably a product of a specific time in
global politics - which saw the threat of fascism from Nazi Germany
and its allies beguilingly answered by the promises of socialism -
Hayek's carefully constructed argument is a fine example of the
importance of good reasoning in critical thinking. Reasoning is the
art of constructing good, persuasive arguments by organizing one's
thoughts, supporting one's conclusions, and considering
counter-arguments along the way. The Road to Serfdom illustrates
all these skills in action; Hayek's argument was that, while many
assumed socialism to be the answer to totalitarian, fascist
regimes, the opposite was true. Socialist government's reliance on
a large state, centralised control, and bureaucratic planning - he
insisted - actually amounts to a different kind of totalitarianism.
Freedom of choice, Hayek continued, is a central requirement of
individual freedom, and hence a centrally planned economy
inevitably constrains freedom. Though many commentators have sought
to counter Hayek's arguments, his reasoning skills won over many of
the politicians who have shaped the present day, most notably
Margaret Thatcher and Ronald Reagan.
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