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The Many Roads to Serfdom

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  • David Colander

    ()

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.

Suggested Citation

  • David Colander, 2004. "The Many Roads to Serfdom," Middlebury College Working Paper Series 0423, Middlebury College, Department of Economics.
  • Handle: RePEc:mdl:mdlpap:0423
    as

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    File URL: http://www.middlebury.edu/services/econ/repec/mdl/ancoec/0423.pdf
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    References listed on IDEAS

    as
    1. David Colander & Richard Holt & Barkley Rosser, 2004. "The changing face of mainstream economics," Review of Political Economy, Taylor & Francis Journals, pages 485-499.
    2. McCloskey, Donald N, 1985. "The Loss Function Has Been Mislaid: The Rhetoric of Significance Tests," American Economic Review, American Economic Association, vol. 75(2), pages 201-205, May.
    3. Foley, Duncan K, 1975. "Problems vs. Conflicts: Economic Theory and Ideology," American Economic Review, American Economic Association, vol. 65(2), pages 231-236, May.
    4. Peart, Sandra J. & Levy, David M., 2003. "Denying Human Homogeneity: Eugenics & The Making of Post-Classical Economics," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(03), pages 261-288, September.
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    More about this item

    Keywords

    Hayek; socialism; planning; market socialism; consumer sovereignty;

    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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