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Source link: http://archive.mises.org/13227/krugman-wont-like-this/

Krugman Won’t Like This…

July 10, 2010 by

Jennifer Schuessler of the New York Times blogs about the recent resurgence in Hayekian interest:

As I describe in an essay in this Sunday’s Book Review, “The Road to Serfdom,” published to modest sales and respectful debate in Britain, became a huge hit and a political lightning rod in America after Max Eastman, the leftwing radical turned staunch anti-Communist, ran a condensed version of the book as the lead article in Readers Digest in 1945. Eastman’s condensation went on to sell nearly a million copies.

For those who found even that crib sheet a bit taxing, a cartoon version appeared in Look magazine soon after. Later distributed as a pamphlet by General Motors, it showed the slide from well-intentioned bureaucratic planning to totalitarianism in a mere 18 black-and-white panels. Once the planners take over, “if you’re fired from your job, it’s apt to be by a firing squad,” the final caption intones. “Thus ends the road to serfdom!”

Today, as the left and right duke it out over federal bailouts and health care reform, Hayek is having another pop culture moment, and not just thanks to Beck. “Fear the Boom And Bust,” a rap video showing Hayek doing battle with John Maynard Keynes, has gone viral on YouTube. A Hayek vs. Hayek scorecard keeps tabs on Friedrich and his Mexican non-relative, Salma. And those whose sartorial tastes run more to board shorts than post-Hapsburg mustaches can find the libertarianism of the waves in this video of “Serfin’ USA,” by the economics blogger Alexander Volokh. (Full lyrics here.)

Alas, I couldn’t find any sign of an illustrated “Road to Smurfdom,” but surely it’s coming.

{ 3 comments }

Ned Netterville July 10, 2010 at 8:27 pm

Hey, I think the link to the lyrics is missing.

Ned Netterville July 10, 2010 at 8:34 pm

Ok, ok, sorry, now I get it, er..got it. Follow your link to Schuessler’s article and there the link, and others good un, are. Hayek will still be read and studied long after Krugman and Keynes have been blotted from mention and memory in economics.

Joe B July 11, 2010 at 8:32 am

GM distributed the cartoon as a pamphlet. Priceless!

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