Click here to watch Bruce Caldwell’s talk on Hayek’s The Road to Serfdom at Wake Forest in November.
I love how excited Caldwell is here about history and doing history of economic thought. I remember the excitement of discovering the same document Caldwell discusses in the Hoover archive.
NBC Radio’s “Words at War” – The Road to Serfdom, broadcast May 15, 1945. Be patient. The broadcast begins at about 00:15.
Read a backgrounder on “Words at War” here.
The quotation header to chapter 10 of Hayek’s The Road to Serfdom, published in 1944, is Lord Acton’s line, “Power tends to corrupt, and absolute power corrupts absolutely.”
James Ahiakpor tells his story:
“The saying that “a conservative is a socialist mugged by reality,” or something to that effect, pretty much explains my journey toward my present views on the beneficence of market freedom, limited government spending, taxation, privatization and deregulation. I grew up in Ghana, West Africa, during the socialist experiments of . . . → Read More: “HOW I BECAME AN ADVOCATE OF LIMITED GOVERNMENT”
The Road to Serfdom and The Fatal Conceit.
According to economist Karl Smith, one of the things that Hayek explains in his Road to Serfdom is why “there is nothing fundamentally wrong with communal ownership of the means of production.”
And, yes, you did read that right.
Ed Morrissey does Bill Wittle one better. Last month Morrissey read Hayek’s The Road to Serfdom for the first time, which also helped inspire this dandy little post on why the Left is so in need of unity and so eager to suppress dissent.
Now, meanwhile, there are Republican political operatives insulting Tea Party members of not being sophisticated, not having read Friedrich Von Hayek. Wonderful, great people, but just not sophisticated. Karl Rove said this, but he’s not alone. I got a note today from a friend, “Why would Karl be saying this, Rush? You know . . . → Read More: Limbaugh vs Rove — the Tea Party is an Army of Davids with Hayek in the back pocket
As usual, Caldwell nails it. From the Abstract:
In a recent article in Challenge magazine, Andrew Farrant and Edward McPhail argue that the central message of F.A. Hayek’s The Road to Serfdom is that any attempt to create a welfare state must lead inevitably to totalitarianism. I argue in my paper that this was not . . . → Read More: Bruce Caldwell vs Farrant & McPhail on Hayek’s The Road to Serfdom
When democracy ends and the rule of law is set aside, what replaces it is “pragmatic” decision-making by administrative fiat — i.e. rule by the granting of perks and privileges to favored clients, pressure groups, and supporters.
And — big surprise — Obamacare begins with a big dose of arbitrary administrative fiat.
This is curious. In 1998 Sen. Patrick Moynihan was sending around copies of Hayek’s The Road to Serfdom.