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review by . October 28, 2010
posted in Politics Your Way
When democracy becomes dominated by a collectivist creed, democracy will inevitably destroy itself
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century. In this book written in 1944, Hayek expertly refutes socialist schemes and shows the utter peril that socialism poses to individual freedom. We were warned in the 19th century by one of my favorite historians, Lord Acton, "that socialism is slavery". Hayek …
The road to serfdom (The case for private enterprise)
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