An Analysis of Friedrich Hayek's The Road to Serfdom

David Linden, Nick Broten

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English

Macat Library
15 July 2017

Literary theory; Philosophy; Psychological theory & schools of thought; Study & learning skills: general; Economics

Series: The Macat Library

Friedrich Hayek’s 1944 Road to Serfdom is a classic of conservative economic argument. While undeniably a product of a specific time in global politics – which saw the threat of fascism from Nazi Germany and its allies beguilingly answered by the promises of socialism – Hayek’s carefully constructed argument is a fine example of the importance of good reasoning in critical thinking.

Reasoning is the art of constructing good, persuasive arguments by organizing one’s thoughts, supporting one’s conclusions, and considering counter-arguments along the way. The Road to Serfdom illustrates all these skills in action; Hayek’s argument was that, while many assumed socialism to be the answer to totalitarian, fascist regimes, the opposite was true. Socialist government’s reliance on a large state, centralised control, and bureaucratic planning – he insisted – actually amounts to a different kind of totalitarianism.

Freedom of choice, Hayek continued, is a central requirement of individual freedom, and hence a centrally planned economy inevitably constrains freedom. Though many commentators have sought to counter Hayek’s arguments, his reasoning skills won over many of the politicians who have shaped the present day, most notably Margaret Thatcher and Ronald Reagan.

By: David Linden, Nick Broten
Imprint: Macat Library
Country of Publication: United Kingdom
Dimensions: Height: 198mm, Width: 129mm,
Weight: 540g
ISBN: 9781912127597
ISBN 10: 1912127598
Series: The Macat Library
Pages: 101
Publication Date: 15 July 2017
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Ways in to the Text Who was David Linden? What does The Road to Serfdom Say? Why does The Road to Ser Matter? Section 1: Influences Module 1: The Author and the Historical Context Module 2: Academic Context Module 3: The Problem Module 4: The Author's Contribution Section 2: Ideas Module 5: Main Ideas Module 6: Secondary Ideas Module 7: Achievement Module 8: Place in the Author's Work Section 3: Impact Module 9: The First Responses Module 10: The Evolving Debate Module 11: Impact and Influence Today Module 12: Where Next? Glossary of Terms People Mentioned in the Text Works Cited