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Title: The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek)
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| The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press As revelant today as in 1944 | | Without question one of the finest books every written in the realm of economics and politics. This is required reading for all whom love liberty and freedom. | | The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press The road to serfdom | This new edition includes a foreword by Bruce Caldwell explaining the book's origins and publishing history and assessing common misinterpretations of Hayek's thought. Caldwell has also standardized and corrected Hayek's references and added useful explanatory notes.
Hayek's central thesis of "The road to serfdom" is that all forms of collectivism lead logically and inevitably to tyranny, and he used the Soviet Union and Nazi Germany as examples of countries which had gone down "the road to serfdom" and reached tyranny.
The book has many worthy observations. For example, all people are different by their mental development (which is also influenced by family environment and education, not counting the physical differences of the brain and endocrine system) and thus the classes of the society are needed at least to give more developed people to fully put into action their potential. Liquidation of social classes will also liquidate the abilities of more developed individuals. The same is on the international level. Consider international planning. Whichever honest and democratically open panning system will be adopted, it will be opposed by less developed and poorer nations, because they will see it as ignorance or oppression of their interests. This is obvious - the needs and goals of poor or underdeveloped countries cannot match the goals of rich or developed countries; as the interests of more educated people cannot match the interests of less educated ones.
Many people came to a conclusion that the wealth, in some extent, depends on a level of education. The problem is that not all the people in equal extend incline to the education, to their self-improvement. This is because of the differences of their needs, habits, abilities, capabilities, and so on. Leo Tolstoy in his novel "Resurrection" arose a question of how to improve the level of education: from inside of each individual or from outside? Which came first, the chicken or the egg? Should first the level of education in the society be risen which yields a revolution (dialectic transition of quantity into quality) or the revolution should make the environment to foster the education. Hayek doesn't explicitly raise this issue, but brings parallel between delegation of decision making in managing an enterprise and managing the state. Hayek thought that if a company boss makes all decision making solely by himself and doesn't give the work (of decision making) back to the people (see Ronald Heifetz's publications), it is similar to the states with totalitarian government. Such a dictatorship, enterprise-wide or country-wide, can be used in particular circumstances, but should not be used in all cases as the absolutely correct way of management, according to Hayek.
| | The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press Ahead of his time | Over 30 years ago, when I was in graduate school, this book was nowhere to be found on any Political Science or Political Theory reading list. I suppose part of the reason was that once the Nazis and Fascists had been defeated, their ideas were no longer seen as important. The question then was whether or not Communism would succeed. Furthermore, then and now, many people in academia had no complaint about government power as long as their side holds the power.
Hayek skillfully deflates that delusion by showing how the very economic powers of government created by the Social Democrats were the powers the Nazis used to consolidate their power.
This book was published 64 years ago but is as timely today as it was then.
| | The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press What a wonderful book. | | I always am skeptical about experts and their predictions so it was a delight to read Hayek's thoughts in 1944 about the problems with the prevailing economic theories. Life becomes the "answer key" about who was right and who was wrong. I started reading the book because of its historical importance but ended up enjoying Hayek's conversational and relaxed style. Thoughtful and balanced with the right mix of personal and societal examples. It seems that he would have been a wonderful teacher. | | The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press Definitive Indeed! | This new edition of the RTS is worth buying even if you already own an earlier edition. The editor has included important material on how this book was developed and interpreted.
As for the book itself, the Road to Serfdom explains focuses on the rise of totalitarianism in twentieth century Europe. Yet it also made a more general argument concerning the incompatibility of democracy and comprehensive central planning. Hayek argues that the pursuit of socialist ideals leads to totalitarianism. While socialist ideals seem noble to many, those who persist in realizing these ideals will find it necessary to adopt coercive methods that are incompatible with freedom. Thus socialists must choose between their egalitarian goals and the preservation of individual liberty.
Hayek describes how Europeans came to expect progress, and became impatient for faster progress. The liberal reforms of the 19th century delivered unprecedented economic progress. Much of this was directly due to scientific discovery. The role of free competition in promoting scientific discovery was less obvious. Europeans increasingly came to believe that scientific planning of society itself could accelerate greater progress.
Europeans also changed how they thought about equality and freedom. Insistence upon freedom from want displaced the yearning for freedom from coercion. Democracy came to be seen as a means of realizing an increasing number of social goals, rather than as a means of preserving freedom. To Hayek, these were dangerous errors. Democracy could only work effectively in areas where agreement upon ultimate ends could be attained with little difficulty. A democratic government could enforce general rules of conduct that applied to all equally (i.e. free speech and free association). Democracy can never produce agreement over policies that affect specific economic results. One always gains at the expense of others in such matters. Such Economic planning places impossible demands upon democracy. This is because pursuit of specific ends requires timely and decisive action. Democracies move too slowly to attain specific ends, so arbitrary powers of government will grow. A planned economy will ultimately require acceptance of dictatorship. This is a dire consequence, as it is the worst sort of tyrants who are most adept at wielding dictatorial powers.
Some might say that these arguments are unduly pessimistic. Hayek points to the examples of Hitler and Stalin to support his case. Of course, these are worst case scenarios. Have not England, Sweden, and the US adopted large welfare-regulatory states without such tyranny? This is a fair point, yet we should remember two things. First, Hayek claimed that centralized control of the economy would destroy freedom ultimately, but gradually. Second, Western nations have not yet gone as far in planning their economies as did Russia and Germany in the 1930's. The fact that we have yet realized the horrible results of Stalinism implies neither that were are safe from despotism in the future, nor that our present situation is entirely satisfactory. One can easily argue that we have already started on the wrong path. For instance, Hayek's chapter on `The End of Truth' applies to modern political correctness.
Hayek wrote this book not only to warn people about the limits of democracy and the incompatibility of planning and freedom. This was the start of his project concerning the abuse of reason. His warning is also about the tendency to overestimate the abilities of even the best and brightest individuals. Not even the best and brightest can comprehend modern societies. Socialists who favor comprehensive planning, and even modern liberals and conservatives who want to plan part of society, proceed on a false assumption concerning human reason. Ultimately, Hayek makes a strong case for limited constitutional government. To expect more of democracy than what Madison and Jefferson intended invites disaster.
The Road to Serfdom is a profound defense of commercial society and limited government. The RTS also is where Hayek started his 'abuse of reason' project. To fully appreciate Hayek's genius in the RTS, one should read his subsequent books in this project- The Constitution of Liberty and Law Liberty and Legislation V1-3.
The RTS has its critics, mainly on the left. Due to its insightful nature the Road to Serfdom has produced hysterical responses from the left. Leftists despise the RTS simply because it strikes at the core of both democratic-socialist or Marxist beliefs. Some serious scholars have attacked the RTS (i.e. Farrant and Levy) but their objections are misguided. The Road to Serfdom stands out as a true classic, as timeless as it is insightful. Read it completely and repeatedly. | | The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) by University Of Chicago Press Product Description | An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944—when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program—The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy.
First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate, widespread attention. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 books were sold. In April 1945, Reader’s Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this edition to more than 600,000 readers. A perennial best seller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century.
With this new edition, The Road to Serfdom takes its place in the series The Collected Works of F. A. Hayek. The volume includes a foreword by series editor and leading Hayek scholar Bruce Caldwell explaining the book's origins and publishing history and assessing common misinterpretations of Hayek's thought. Caldwell has also standardized and corrected Hayek's references and added helpful new explanatory notes. Supplemented with an appendix of related materials ranging from prepublication reports on the initial manuscript to forewords to earlier editions by John Chamberlain, Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom will be the definitive version of Friedrich Hayek's enduring masterwork. |
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