The Road to Serfdom
A Classic Warning Against the Dangers to Freedom Inherent in Social Planning
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- 240 pages
- 9 hours of reading
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Hayek's central thesis is that all forms of collectivism, whether Nazism or socialism, inevitably lead to tyranny and the suppression of freedoms, as evidenced at the time by the examples of Nazi Germany, the Soviet Union, and other countries in the communist bloc. The author argues that in a centrally planned economy, the allocation of resources is the responsibility of a small group, which is incapable of processing the vast amount of information necessary for the proper distribution of these goods at their disposal. Given the enormous concentration of power in the hands of a limited number of bureaucrats, disagreements regarding the implementation of economic policies would inevitably lead to the use of force by the government to ensure that its measures are tolerated.
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The Road to Serfdom, Friedrich A. von Hayek
- Language
- Released
- 1976
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- The Road to Serfdom
- Subtitle
- A Classic Warning Against the Dangers to Freedom Inherent in Social Planning
- Language
- English
- Authors
- Friedrich A. von Hayek
- Publisher
- The University of Chicago Press
- Released
- 1976
- Format
- Paperback
- Pages
- 240
- ISBN10
- 0226320782
- ISBN13
- 9780226320786
- Series
- Tags
- Non-Fiction, Social Sciences, Business, Business & Management, Political Science & Politics, Philosophical Topics, Politics, Economics, Political Theories
- Rating
- 4.25 out of 5
- Description
- Hayek's central thesis is that all forms of collectivism, whether Nazism or socialism, inevitably lead to tyranny and the suppression of freedoms, as evidenced at the time by the examples of Nazi Germany, the Soviet Union, and other countries in the communist bloc. The author argues that in a centrally planned economy, the allocation of resources is the responsibility of a small group, which is incapable of processing the vast amount of information necessary for the proper distribution of these goods at their disposal. Given the enormous concentration of power in the hands of a limited number of bureaucrats, disagreements regarding the implementation of economic policies would inevitably lead to the use of force by the government to ensure that its measures are tolerated.