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Friedrich A. Hayek: Roads
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Hayek's greatest intellectual debt was to Carl Menger, who pioneered an approach to social explanation similar to that developed in Britain by Bernard Mandeville and the Scottish moral philosophers. He had a wide-reaching influence on contemporary economics, politics, philosophy, sociology, psychology and anthropology. For example, Hayek's discussion in The Road to Serfdom (1944) about truth, falsehood and the use of language influenced some later opponents of postmodernism (e.g., Wolin 2004).
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This booklet is a French translation of the condensed version of the book The Road to Serfdom (1944) by Friedrich A. Hayek. It was prepared using G. Blumberg’s complete French translation published at Presses universitaires de France and contains an introduction (“The Man Who Changed Everyone’s Life: The Ubiquitous Ideas of Friedrich A. Hayek”) written by Brian Lee Crowley, President of the Atlantic Institute for Market Studies. The original condensed version was published for the first time in the April 1945 edition of the Reader’s Digest magazine.
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Erich Streissler, Gottfried Haberler, Friedrich A. Lutz, and Fritz Machlup, eds. “Bibliography of the Writings of Friedrich A. von Hayek,” in Roads to Freedom: Essays in Honour of Friedrich A. von Hayek. London: Routledge & Kegan Paul, 1969, pp. 309–315.
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The article discusses about the book "Individualism and Economic Order," by Friedrich A. Hayek. Hayek's "The Road to Serfdom," because of the large following it attracted among undiscriminating supporters of the American brand of private enterprise, did his reputation in this country an injustice. Hayek is above all a scholar, with a keen and subtle mind, and he would scarcely choose to be the propagandist for the N. A. M. type of economics. Because he is among the most thoughtful and consistent supporters of a market economy as against planning either by the state or by Private monopoly, those who disagree with him cannot afford to ignore him; they may easily sharpen their wits on his ideas.
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In his book, Road to Serfdom, Hayek discussed individualism and collectivism, economic control and totalitarianism, and the socialist roots of Nazism. Everything he outlined about roots of Nazism took place in China. Hayek argued that a planned economy simply could not exist without strict economic, civil, and political controls of the people, whether in theory or in practice.
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Hayek argued, the movement towards a planned economy ... would result in the taking of a road that would lead to serfdom. Once the state takes over responsibility for the economic planning of society, it inevitably follows that the state controls access to employment. The state sets the levels of people's incomes, distributes the supply of all the goods and services made under the control of the state, and determines who has the use of printing presses, lecture halls and artistic facilities. And since the political arena will be the only avenue to success and personal improvement, the worst qualities in people will tend to rise to the surface in the battle for political power, with the result that, in general, the worst people will get on top.
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Roads