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On Hayek's road to serfdom: 60 years later
Authors:M. Ali Khan
Affiliation: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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