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Revisiting The Road to Serfdom | Part II : Hybridized Economies and Squabbling Planners

Are freedom and organization compatible principles? In other words, can competitive capitalism and centralized planning prosper simultaneously? These questions present, in a nutshell, the overarching theme of the third chapter of The Road to Serdom (1) titled “individualism and collectivism.” Hayek begins by informing the reader that there are many socialists who are all but […]

Revisiting The Road to Serfdom | Part I

Part II : Originally published in 1944, Friedrich Hayek’s The Road to Serfdom is a grave and persuasive warning against the practice of interventionism and – of a more onerous nature – command economies. Hayek felt urged to express his doubts and criticisms of governments who take these routes, claiming particularly, that they would […]