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...
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.
Editorial Foreword ixIntroduction 1The Road to SerfdomPreface to the Original Editions 37Foreword to the 1956 American Paperback Edition 39Preface to the 1976 Edition 53Introduction 57The Abandoned Road 65The Great Utopia 76Individualism and Collectivism 83The "Inevitability" of Planning 91Planning and Democracy 100Planning and the Rule of Law 112Economic Control and Totalitarianism 124Who, Whom? 134Security and Freedom 147Why the Worst Get on Top 157The End of Truth 171The Socialist Roots of Naziism 181The Totalitarians in Our Midst 193Material Conditions and Ideal Ends 210The Prospects of International Order 223Conclusion 237Bibliographical Note 239Related DocumentsNazi-Socialism (1933) 245Reader's Report Frank Knight (1943) 249Reader's Report Jacob Marschak (1943) 251Foreword to the 1944 AmericanEdition John Chamberlain 253Letter from John Scoon to G. Hartley Grattan (1945) 255Introduction to the 1994 Edition Milton Friedman 259Acknowledgments 267Index 269
\ EH.NetA version of a recognized classic text that provides a full and rich context from which to understand its emergence and eventual powerful impact on the course of events and ideas in the twentieth century. . . . The University of Chicago Press and Bruce Caldwell have done an excellent job in dressing up this classic book for both the general reader and scholars in a variety of disciplines and the hiostory of ideas.\ — Steven Horwitz\ \ \ \ \ \ John Maynard Keynes"In my opinion it is a grand book. . . . Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement."\ \ \ EH.Net"A version of a recognized classic text that provides a full and rich context from which to understand its emergence and eventual powerful impact on the course of events and ideas in the twentieth century. . . . The University of Chicago Press and Bruce Caldwell have done an excellent job in dressing up this classic book for both the general reader and scholars in a variety of disciplines and the hiostory of ideas."\ \ \ \ \ New Criterion"It takes courage, or something like it, to declare one's offering 'The Definitive Edition'. . . . I have no hesitation, though in describing this as an excellent edition."\ \