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Other titles in the Collected Works of F.A. Hayek series:
The Road to Serfdom: Text and Documents--The Definitive Edition (Collected Works of F. A. Hayek)by Friedrich A. Von Hayek
Synopses & Reviews
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, Readers 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 Hayek's enduring masterwork.
In addition to his groundbreaking contributions to pure economic theory, F. A. Hayek also closely examined the ways in which the knowledge of many individual market participants could culminate in an overall order of economic activity. His attempts to come to terms with the andldquo;knowledge problemandrdquo; thread through his career and comprise the writings collected in the fifteenth volume of the University of Chicago Pressandrsquo;s Collected Works of F. A. Hayek series.
The Market and Other Orders brings together more than twenty works spanning almost forty years that consider this question. Consisting of speeches, essays, and lectures, including Hayekandrsquo;s 1974 Nobel lecture, andldquo;The Pretense of Knowledge,andrdquo; the works in this volume draw on a broad range of perspectives, including the philosophy of science, the physiology of the brain, legal theory, and political philosophy. Taking readers from Hayekandrsquo;s early development of the idea of spontaneous order in economics through his integration of this insight into political theory and other disciplines, the book culminates with Hayekandrsquo;s integration of his work on these topics into an overarching social theory that accounts for spontaneous order in the variety of complex systems that Hayek studied throughout his career.
Edited by renowned Hayek scholar Bruce Caldwell, who also contributes a masterly introduction that provides biographical and historical context, The Market and Other Orders forms the definitive compilation of Hayekandrsquo;s work on spontaneous order.
About the Author
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.
Table of Contents
THE ROAD TO SERFDOM
Preface to the Original Editions
Foreword to the 1956 American Paperback Edition
Preface to the 1976 Edition
One The Abandoned Road
Two The Great Utopia
Three Individualism and Collectivism
Four The "Inevitability" of Planning
Five Planning and Democracy
Six Planning and the Rule of Law
Seven Economic Control and Totalitarianism
Eight Who, Whom?
Nine Security and Freedom
Ten Why the Worst Get on Top
Eleven The End of Truth
Twelve The Socialist Roots of Naziism
Thirteen The Totalitarians in Our Midst
Fourteen Material Conditions and Ideal Ends
Fifteen The Prospects of International Order
APPENDIX: RELATED DOCUMENTS
Reader's Report by Frank Knight (1943)
Reader's Report by Jacob Marschak (1943)
Foreword to the 1944 American Edition by John Chamberlain
Letter from John Scoon to C. Hartley Grattan (1945)
Introduction to the 1994 Edition by Milton Friedman
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