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F. A. Hayek's "Road To Serfdom" Still Influential |
Tomorrow marks the 100th anniversary of the birth of Friedrich August von Hayek -- the Austrian-born economist whose enormously influential "The Road to Serfdom," published in 1944, started to turn of the tide against collectivism. Newspapers this morning have been recalling his accomplishments. At a time when intellectuals were debating the relative merits of national socialism versus communism, Hayek asserted that central planning and individual freedom could not coexist. "The conception that government should be guided by majority opinion," he wrote, "makes sense only if that opinion is independent of government." Such views led his enemies first to revile him and then -- when that didn't work -- ignore him.
But lovers of freedom heeded his message and ran with it.
In addition to "The Road to Serfdom" and "The Constitution of Liberty, his major works include: "Prices and Production," "Individualism and Economic Order," "The Counter-Revolution of Science," "Capitalism and the Historians," "Law, Legislation and Liberty," and "The Fatal Conceit." He died in 1992. Sources: Editorial, "Hayek's Revolution," and Edwin J. Feulner Jr. (Heritage Foundation) "Freedom's Prophet," both in the Wall Street Journal; and Editorial, "Heeding Hayek," and Macroscope, "Happy Birthday, Mr. Hayek," both in Investor's Business Daily, May 7, 1999. For more on Economic Freedom & Growth http://www.ncpa.org/pi/internat/intdex3.html |
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