The Road to Serfdom Valid Today as it Was in 1944

The road to slavery since the 19th century is still valid today and the next paper will explore F.A. Hayek's book "The way to The Serfdom". Despite being written in 1944, much of the assumption I challenged Hayek is still effective today. Hayek 's assumption is that the concept of government - led economic activities including 1) the rule of government' s rule, 2) economic leadership and the separation of political humans, 3) malicious and sneaky people may succeed today It is an idea.

In the "road to slavery" published in 1944, Hayek believes that government plan will inevitably lead to totalitarian control by suppressing individualism. Like Mises' book "Bureaucracy", the "road to slavery" is widely read. It attracted the attention of some very wealthy people who saw the opportunity to eliminate regulation and taxation in philosophy. In 1947, Hayek established the first organization to disseminate neoliberal doctrine - financial support of Montpellier laboratories - funded by the millionaire and its foundation.

Austrian-born economist Friedrich von Hayek is the intellectual leader of this movement. His 1944 book "The way to The Serfdom" is a concept of anti-government, professional market and is considered to be an intellectual source of privatization of public goods. This book was amazing success - "Reader's Digest" and "Appearance Magazine". It continues to have a great influence on politicians, journalists, business leaders. House speaker Paul Ryan thinks Hayek is his intellectual property.

In the face of the economic restraint, market-oriented conservatives gathered in the 1970s. They rediscovered Friedrich Hayek's "The Road to Slavery" (1944) and introduced Milton Friedman, leader of the Chicago Economics Institute. He claimed that Monetarism broke Keynesianism. Keith Joseph played an important role as Thatcher's consultant. Global events such as the 1973 oil crisis put pressure on the postwar agreement; domestic problems exacerbated this pressure like high inflation, 3 day wages and industrial turmoil (especially in the coal mining industry) I was allowed to. At the beginning of 1976 inflation and the expected deterioration of the double deficit contributed to the pound crisis. As of October, the pound against the US dollar fell by about 25%

Along with "Road to slavery" (1944), Austrian economist Friedrich Hayek issued a famous warning about the bureaucracy and the dangers of government control. For the first time in a while, less known, his monetization nationalization (1976; see also the third edition of 1990) follows this principle. . Hayeku himself is not a person who does not know currency default. His hyperinflation experience in Austria in the 1920s shows that political control over the economy is intolerable evil and very reluctant.