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The many roads to serfdom

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  • Colander, David

Abstract

The paper considers the planning/laissez faire debate discussed in the Hayek symposium, and offers three comments. The first is that all debates are contextual and Hayek's Road to Serfdom needs to be considered in its contextual setting. The second is that there are many roads to serfdom, not just the one outlined by Hayek, and the Hayek/Lerner debate today would probably focus a different road than it did in the 1930s. The third is that modern economists' focus on technical issues has in large part removed them from the role that Hayek and other top economists played in their time.
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Suggested Citation

  • Colander, David, 2005. "The many roads to serfdom," European Journal of Political Economy, Elsevier, vol. 21(4), pages 1060-1063, December.
  • Handle: RePEc:eee:poleco:v:21:y:2005:i:4:p:1060-1063
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    References listed on IDEAS

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    1. Assar Lindbeck, 1997. "The Swedish Experiment," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1273-1319, September.
    2. Byrd, William A., 1990. "Planning in India: Lessons from four decades of development experience," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 713-735, December.
    3. Magnus Henrekson, 2001. "Swedish Economic Growth," Challenge, Taylor & Francis Journals, vol. 44(4), pages 38-58.
    4. Oskar Lange, 1936. "On the Economic Theory of Socialism," Review of Economic Studies, Oxford University Press, vol. 4(1), pages 53-71.
    5. Kuznets, Paul, 1990. "Indicative planning in Korea," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 657-676, December.
    6. J. Barkley Rosser, Jr. & Marina V. Rosser, 2004. "Comparative Economics in a Transforming World Economy, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262681536, January.
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    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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