On Hayek's road to serfdom: 60 years later |
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Authors: | M. Ali Khan |
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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 |
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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. |
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Keywords: | Security Freedom Submission Impersonal forces Rules Rule of law Language Education Incomplete and dispersed information Theorizing Theoretician |
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