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On Hayek's road to serfdom: 60 years later
Authors:M Ali Khan
Institution:Department of Economics, The Johns Hopkins University, Baltimore, MD 21218, USA;The Graduate Faculty, The New School University, 65 Fifth Avenue, New York, NY 1003, USA
Abstract:Stimulated by recent work of Levy–Peart–Ferrant, Rosser and McPhail, I read The Road to Serfdom by projecting it onto four registers—security and freedom, impersonal forces and the market, rules and the rule of law, and language and education—and identify in each the need for judgement, hopefully balanced but inevitably arbitrary beyond an analytical threshold, a need exacerbated by incomplete and dispersed knowledge. My larger project is to understand the role of the expert, theoretician if one prefers, in a ‘free’ society.
Keywords:Security  Freedom  Submission  Impersonal forces  Rules  Rule of law  Language  Education  Incomplete and dispersed information  Theorizing  Theoretician
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