The Road to Serfdom and the world economy: 60 years later |
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Authors: | J. Barkley Rosser Jr. |
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Affiliation: | Program in Economics, MSC 0204, James Madison University, Harrisonburg, VA 22807, USA |
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Abstract: | We consider Friedrich Hayek's Road to Serfdom in light of global ideological and economic developments during the 60 years since its publication. Specific problems considered include socialism and planning, whether national socialism was really socialism, whether Hayek's views could be labeled as social democratic and whether his critique of social democracy was too strong, and his discussion of the prospects for international economic order. While often right and enormously influential, Hayek himself agreed that some of his predictions did not become true. |
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Keywords: | Hayek Road to Serfdom Socialist planning Social democracy |
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