It also allows you to accept potential citations to this item that we are uncertain about. This allows to link your profile to this item. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. See general information about how to correct material in RePEc.įor technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_5967. You can help correct errors and omissions. Suggested CitationĪll material on this site has been provided by the respective publishers and authors. There are other concentrations of power as well which are just as threatening such as wealthy mega-corporations and billionaire individuals who through their influence on government, on elections, and on the political process are able to change the rules of the market in their favor. In a 1958 interview he precociously identified Madison Avenue as a potential danger to our autonomy, individuality, and freedom. In contrast to Hayek, a public intellectual who warned us of the concentration of power from institutions other than the state was Aldous Huxley who was keenly aware that the danger is not the state per se but rather the concentration of power which might well take on other guises as well. He failed to see that any concentration of power is dangerous. Hayek’s mind was completely closed to the possibility that there were multiple threats to individual freedom and not only state power.
This paper examines his arguments and finds that they come up short in many ways and suggests that we have taken “another road to serfdom”. Friedrich Hayek’s The Road to Serfdom is an influential book more than seventy years after its publication.
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