The Road To Serfdom By Hayek

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Although the book was a little hard to follow at times, I was truly blown away by the mechanics of it. The book is an example of the academic style of writing. It is written in the third person. Hayek is interested in the analysis of the conditions in Europe that led to the acceptance of socialism and fascism. Germany and Italy broke with the basic concepts and beliefs that form the basis for Western Civilization. Hayek is interested in why, and these are the ideas that he explores in the book. The points of view in the book are Hayek's. The author uses quotes from other writers to support his position. The book is objective and factual as he analyzes the conditions that led to the development of totalitarianism in Europe. His point of view …show more content…

Income is determined on scarcity of the factor and the factors' contribution to output. Since not all factors are considered the same, the resulting income distribution is unequal. For those who ask how this system could have happened, or how the people and government allowed this to ever happen, Hayek's book explains how the mentality and conditions developed that led to socialism and fascism. The Road to Serfdom stands in opposition to the idea of a business like partnership between government and business in state capitalism. It shows what is wrong with it, and how to make sure we do not have another government like it. It is an important book today because now economists and politicians are debating how to solve high unemployment and long-term struggles in the financial markets. The answer in Hayek’s book is less government and more power to the people. If politicians try to influence the economy, it will result in a loss of freedom and prosperity for the poor and more for the rich. Let the people decide. The Government bureaucracy gains power like the kings of old use to. Once this system is in place, the process is almost

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