November 18, 2014

The Road to Serfdom Revisited

  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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Hayek’s The Road to Serfdom is often read as a policy book and a political tract for its time. It is also often read as little more than a “slippery slope” argument, leading inevitably down a road from a free society to the gulag. In this paper I will try to counter both of those claims by explaining that Hayek’s book is part of a broader project dealing with the institutional infrastructure within which economic activity takes place. His argument, rather than being a slippery slope, is an imminent critique of the socialist program as advocated by British socialists, who were his primary target in the 1940s.