The Intellectual Context of F.A. Hayek’s The Road to Serfdom
The Journal of Private Enterprise, vol. 32, no. 1 (2017): 29-44.
16 Pages Posted: 20 Nov 2014 Last revised: 21 Apr 2018
Date Written: March 1, 2016
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, we counter the claim that The Road to Serfdom provides a slippery slope argument and explain that, while it was often read and used as a political tract for its time, Hayek's book is part of a broader project dealing with the institutional infrastructure within which economic activity takes place.
Keywords: Hayek, Road to Serdom, political economy of socialism
JEL Classification: B2, B3, B53, P51
Suggested Citation: Suggested Citation