Product Description
A classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in England in the spring of 1944 when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would inevitably lead not to a utopia but to the horrors of nazi Germany and fascist Italy.
First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate attention from the public, politicians, and scholars alike. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 were sold. In April of 1945, Reader's Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this condensation to more than 600,000 readers. A perennial best-seller, the book has sold over a quarter of a million copies in the United States, not including the British edition or the nearly twenty translations into such languages as German, French, Dutch, Swedish, and Japanese, and not to mention the many underground editions produced in Eastern Europe before the fall of the iron curtain.
After thirty-two printings in the United States, The Road to Serfdom has established itself alongside the works of Alexis de Tocqueville, John Stuart Mill, and George Orwell for its timeless meditation on the relation between individual liberty and government authority. This fiftieth anniversary edition, with a new introduction by Milton Friedman, commemorates the enduring influence of The Road to Serfdom on the ever-changing political and social climates of the twentieth century, from the rise of socialism after World War II to the Reagan and Thatcher "revolutions" in the 1980s and the transitions in Eastern Europe from communism to capitalism in the 1990s.
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 the principal proponent of libertarianism in the twentieth century.
On the first American edition of The Road to Serfdom:
"One of the most important books of our generation. . . . It restates for our time the issue between liberty and authority with the power and rigor of reasoning with which John Stuart Mill stated the issue for his own generation in his great essay On Liberty. . . . It is an arresting call to all well-intentioned planners and socialists, to all those who are sincere democrats and liberals at heart to stop, look and listen." Henry Hazlitt, New York Times Book Review, September 1944
"In the negative part of Professor Hayek's thesis there is a great deal of truth. It cannot be said too often at any rate, it is not being said nearly often enough that collectivism is not inherently democratic, but, on the contrary, gives to a tyrannical minority such powers as the Spanish Inquisitors never dreamt of." George Orwell, Collected Essays
|
|
 Too bad we aren't taking this advice ( bc_richards )
Friedrich Hayek, the Nobel prize winning economist, wrote this brilliant classic as a critique of government intervention and manipulation in markets. I am neither an economist nor a political scientist, but I was led to this book after watching with horror the recent outrages that are consciously being inflicted on us by our elected officials, most recently the bailout and socialization of the two giant mortgage lenders, Freddie and Fannie. I couldn't remember that I ever received any share of the loot when those companies were making huge profits and their CEOs were earning tens of millions per year, but now I find that our elected officials have written a blank check in my name, the taxpayer, to bail out these companies' losses and stupidity, and then handed the check to a group of unelected officials (and, surprise, surprise, those two companies spend hundreds of millions on congressional lobbying). Privatize the gains, socialize the losses: sounds like a win-win situation for somebody.
This kind of disastrous socialism is exactly what Hayek critiques in devastating form in this book, specifically government control of the economy. Apparently, they say, this book has been very influential, but a layman could certainly never tell by looking around. Hayek was writing from the perspective of a central European who had recently witnessed first-hand the unfolding development of National Socialism (Nazism) in Germany, and he is warning that the exact same attitudes and policies that had been followed in Germany were uncritically being followed by the Allies, merely at a few years distance.
He begins by recollecting the ideals of old, classic liberalism, "the forgotten road". Of course, in Hayek's context, "liberal" means the true, historic liberalism of limited government, free markets, and private property, not "liberal" in the bastardized sense somehow hijacked by Leftists to mean unlimited government, socialized markets and massive forced wealth redistribution. He looks at the rise of collectivist thinking versus individual (it's all for the greater good); the problems of central planning in a democracy (someone in power makes the economic decisions for everybody else); the downfall of the Rule of Law (government is no longer bound by fixed rules announced beforehand but instead possesses arbitrary power limited only by its own discretion); the inextricable link between centralized economic planning and totalitarian regimes (if we're going to follow a plan, someone's got to force everyone to follow it); the problem of deciding how the society's production will be distributed; a chapter showing that "nothing is more fatal than the present fashion among intellectual leaders of extolling security at the expense of freedom" (Republicans apparently didn't get the memo); how in a socialized economy the worst individuals inevitably rise to the top (Really? Can it be? Obama and McCain?); the necessity of manipulating truth in a socialized society; and the fact that Nazism was a direct outgrowth of socialism and socialist ideology.
The relevance of the points enumerated above does not require comment. We are running madly down the road to serfdom, which is the road of socialism. Unfortunately for those of us who are being dragged along against our will, history is not neutral, and we will suffer the consequences of other peoples' decisions, just as the Jews in Germany did and the Russians in the Soviet Union did. Socialism has always led to poverty and oppression, and freedom, on the rare occasions it has been tried, has produced unparalleled prosperity. Hayek shows in detail why. We've decided to give socialism another try. God help us.
|
Please America take down your safety net...it is why we are great
Another book that Dr. L had us read. During the 2008 presidential debate I see one party is trying to buy votes even though the failures of socialism have been proven time and time again throughout history. This is the singular short work on the failures of socialism.
|
Required Reading for Steadfast Leftists ( xdrakesellerx )
Friedrich Hayek's The Road to Serfdom was written at a time when the Labour Party of Britain was openly socialist. Although modern social democrats renounce the 's' word, socialism is indeed the root of their thinking, and in this exposition, his magnus opus, Hayek unabashedly sends socialism to the gutter where it belongs. Hayek's thesis, that socialism and totalitarianism are two birds of the same feather, has stood the test of time, and it continues to show up today in the cases of Venezuela or Bolivia. Hayek was arguably responsible for Labour's (and the Democrats') turn to the right, set in stone by former PM Tony Blair (and former President Clinton). This book is, however, still very relevant, exemplified by the Democrats' plan to invade the health care sector, the countless bureaucracies located in Washington, and President Bush's reckless invasion of privacy (which is related to Hayek's arguments about war time and peace time). Although Hayek often comes off as soft on a number of issues, he could not be nearly as dedicated as Milton Friedman to absolute freedom because the intelligentsia was on the far-left in the 40's.
For classical liberals, modern leftists, and conservatives alike, The Road to Serfdom is extraordinarily eye-opening.
|
 Misses the real problem and solution ( bobthecat@columbus.rr.com )
The only, effective way to reject socialism is by attacking it's fundamental philosophical ideas. That collectivism is good and the individual must be sacrificed for the "good of the people". Attacking a philosophy such as communism or socialism, because it is not "practical" is a contradiction and undercuts any argument against such a corrupt philosophy. These ideas are not good in theory but bad in practice. They are evil in theory and therefore evil in practice.
I would like to also recommend Ayn Rand's, "The Virtue of Selfishness". This is THE work to understand Man's Individual Rights based on His Rational Nature. It is from these fundamental Truths that the ONLY proper function of a legitimate government is derived - The protection of Individual Rights.
|
Brilliant prima facie case against socialism
Considering it my duty as an economics major, I took it upon myself to read this book, with little expectations as to its brilliance, and was completely swept away. Not only is Hayek extremely eloquent in articulating the case for free trade, he supports his arguments with facts (e.g. what was then going on in Nazi Germany) and with theory (e.g. why without even the historical evidence that we do have we must conclude that a centralized system cannot equally favor everyone).
Since it is my tendency to look at the 1 star reviews before making a 5 star one, I recognize that some people don't like Hayek because he doesn't recognize the great things about socialized medicine (like how a guy in Canada signed up for a CAT scan under his dog's name because animals are not covered under their highly efficient centralized health care...true story by the way) or the kind thoughts of socialist thinkers (please don't make me choose my selection of Marx quotes). But what Hayek does is present a prima facie case against socialism; before anyone can advocate socialism, they MUST address Hayek's arguments.
This is why I think before any socialist and libertarian face each other in a squabble, both must have read The Road to Serfdom so that they can hit on the applicable issues instead of babbling on about poverty statistics. Are you a socialist and disagree with Hayek? Fine, but read the book so that you know where your opponents stand. I really think that socialists think lovers of capitalism are greedy and have no ethics. But if you read our spokesman Hayek, you'll see why we think that the free market is actually BETTER for society.
Let's change the scope of the argument. Socialists should stop arguing about how some people are poor...yes, some people are poor...and demonstrate how a centralized system can make people BETTER than they would be under the free market system. How planning the systems of production would be more efficient and prosperous than under the system of competition. How giving all our freedoms to one entity would guarantee them for all. If you can effectively address these issues and the many more that Hayek brings up, we will soon see a blessed change in the current headache of debates on socialism.
|
|
View Larger
