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Source link: http://archive.mises.org/1686/national-post-features-hayek/

National Post Features Hayek

March 10, 2004 by

The National Post presents an essay reflecting on the 60th anniversary of Hayek’s The Road to Serfdom

    Hayek was an adherent of the “Austrian School,” which had revolutionized economics in the late 19th century by overturning flawed classical theories of value. As a student of business cycles, Hayek — like the rest of the Austrian School — believed that the main reason for economic fluctuations was government monetary manipulation, so he could hardly be enthusiastic about Keynes’s pretensions (although he and Keynes were friends and Keynes wrote a glowing recommendation for The Road to Serfdom). Yet again, however, Hayek’s role was that of Cassandra; Keynes, by contrast, was telling politicians what they wanted to hear.

{ 2 comments }

Bob Bowman March 11, 2004 at 12:19 pm

“The Road to Serfdom: The Condensed Version As It Appeared in the April 1945 Edition of Reader’s Digest”

after being out of stock for some time, is now available again at Amazon

http://www.amazon.com/exec/obidos/ASIN/0255365306/103-5630598-7519841

jeffrey March 11, 2004 at 1:03 pm

So long as we are drawing attention to condensed versions of things, let us not forget this wonderful edition of Road to Serfdom in cartoons: http://mises.org/TRTS.htm

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