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Number of Pages 10
This research paper: This is a 10 page paper of a chapter by chapter summary of Friedrich August von Hayek’s “The Road to Serfdom” (1944). Friedrich August von Hayek (1899-1992) wrote “The Road to Serfdom” in 1944 and has since been cited as one of the major economic and capitalism sources in regards to the free market. Hayek’s basic argument is that “central planning is by its very nature inefficient: only a free market allows for the exchange of information that can provide efficiency”. While many critics do not argue with Hayek’s views on the free market, his book gained a certain amount of controversy when it was released in 1944 during the Nazi era because he basically made the argument that eventually any centralized government will eventually lead to totalitarianism hence the title of the book, “The Road to Serfdom”. Introduction based on material by Judd (2003). Bibliography lists 2 sources.
File: D0_TJHayek1.rtf
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