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