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   2 P J O Rourke

   2 Milton Friedman

   2 Charles Murray

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1:Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be. ~ Paul Samuelson

2:It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis. ~ Milton Friedman

3:.. the publication of Friedrich A. von Hayek's The Road to Serfdom in 1944 is rightly seen as the first shot in the intellectual battle that was to turn the tide in favor of conservatism i.e. non-statist liberalism . ~ E J Dionne

4:Ever read any [Friedrich] Hayek? He's great. The Road To Serfdom is like... I'm not a big political-science reader, but I actually dog-eared my copy. I ended up going back through it and writing a précis, I was so impressed by this book. It's all about what happens when government tries to make everything right. ~ P J O Rourke

5:. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom. ~ Milton Friedman

6:But Friedman seemed to share Friedrich Hayek's extreme and inaccurate view that socialism of the sort that Britain embraced under the old Labour Party was incompatible with democracy, and I don't think that there is a good theoretical or empirical basis for that view. The Road to Serfdom flunks the test of accuracy of prediction! ~ Richard Posner

7:The power which a multiple millionaire, who may be my neighbour and perhaps my employer, has over me is very much less than that which the smallest functionaire possesses who wields the coercive power of the state, and on whose discretion it depends whether and how I am to be allowed to live or to work. —FRIEDRICH VON HAYEK, The Road to Serfdom ~ Charles Murray

8:Friedrich Hayek’s, with his prescient warning in The Road to Serfdom (1944) that socialism and fascism were not really opposites, but had ‘fundamental similarity of methods and ideas’, that economic planning and state control were at the top of an illiberal slope that led to tyranny, oppression and serfdom, and that the individualism of free markets was the true road to liberation. Ignoring ~ Matt Ridley

9:The Road To Serfdom was written during WWII, and basically it's an anti-Nazi, anti-communist thing, but also it's an anti-Conservative and anti-Labor-party thing aimed at the British. He was an Austrian, writing in Britain. And I feel like now, I guess, everybody pays lip service to libertarian - and, indeed, many conservative - ideas, and yet they keep moving forward with an increasingly bureaucratic state. It shows itself in all sorts of little ways. ~ P J O Rourke

10:The Jeffersonians “hated and feared” the Jacobin concept of a “general will,” wrote Felix Morley in Freedom and Federalism.29 For if “the general will” were to become a practical reality regarding the operation of government, then all voluntary associations must be subjected to government regulation and control in the name of “the people” and their “will”—as interpreted by a ruling elite. This would be the road to serfdom and the end of individual liberty. ~ Thomas J DiLorenzo

11:Clergymen responded enthusiastically. Many ministers wrote the Los Angeles office to request copies of Friedrich Hayek’s libertarian treatise The Road to Serfdom and anti–New Deal tracts by Herbert Hoover and libertarian author Garet Garrett, all of which had been advertised in Spiritual Mobilization. Some sought reprints of the bulletin itself. “I found your last issue of Spiritual Mobilization excellent,” a Connecticut clergyman reported. “Could you send me 100 copies to distribute to key people in my parish? I am quite anxious to get my people thinking along this line.” Others took more indirect routes in spreading the organization’s message. “Occasionally I preach a sermon directly on your theme,” a midwestern minister wrote, “but equally important, it is in the background of my thought as I prepare all my sermons, meet various groups and individuals. ~ Kevin M Kruse

12:I think that the species of oppression by which democratic nations are menaced is unlike anything that ever before existed in the world.… The supreme power then extends its arm over the whole community. It covers the surface of society with a network of small, complicated rules, minute and uniform, through which the most original minds and the most energetic characters cannot penetrate to rise above the crowd. The will of man is not shattered, but softened, bent, and guided; men are seldom forced by it to act, but they are constantly restrained from acting. Such a power does not destroy, but it prevents existence; it does not tyrannize, but it compresses, enervates, extinguishes, and stupefies a people, till each nation is reduced to be nothing better than a flock of timid and industrious animals, of which the government is the shepherd. —ALEXIS DE TOCQUEVILLE, Democracy in America The power which a multiple millionaire, who may be my neighbour and perhaps my employer, has over me is very much less than that which the smallest functionaire possesses who wields the coercive power of the state, and on whose discretion it depends whether and how I am to be allowed to live or to work. —FRIEDRICH VON HAYEK, The Road to Serfdom A Note on Presentation By ~ Charles Murray

13:There is an excellent short book (126 pages) by Faustino Ballvè, Essentials of Economics (Irvington-on-Hudson, N.Y.: Foundation for Economic Education), which briefly summarizes principles and policies. A book that does that at somewhat greater length (327 pages) is Understanding the Dollar Crisis by Percy L. Greaves (Belmont, Mass.: Western Islands, 1973). Bettina Bien Greaves has assembled two volumes of readings on Free Market Economics (Foundation for Economic Education). The reader who aims at a thorough understanding, and feels prepared for it, should next read Human Action by Ludwig von Mises (Chicago: Contemporary Books, 1949, 1966, 907 pages). This book extended the logical unity and precision of economics beyond that of any previous work. A two-volume work written thirteen years after Human Action by a student of Mises is Murray N. Rothbard’s Man, Economy, and State (Mission, Kan.: Sheed, Andrews and McMeel, 1962, 987 pages). This contains much original and penetrating material; its exposition is admirably lucid; and its arrangement makes it in some respects more suitable for textbook use than Mises’ great work. Short books that discuss special economic subjects in a simple way are Planning for Freedom by Ludwig von Mises (South Holland, 111.: Libertarian Press, 1952), and Capitalism and Freedom by Milton Friedman (Chicago: University of Chicago Press, 1962). There is an excellent pamphlet by Murray N. Rothbard, What Has Government Done to Our Money? (Santa Ana, Calif.: Rampart College, 1964, 1974, 62 pages). On the urgent subject of inflation, a book by the present author has recently been published, The Inflation Crisis, and How to Resolve It (New Rochelle, N.Y.: Arlington House, 1978). Among recent works which discuss current ideologies and developments from a point of view similar to that of this volume are the present author’s The Failure of the “New Economics”: An Analysis of the Keynesian Fallacies (Arlington House, 1959); F. A. Hayek, The Road to Serfdom (1945) and the same author’s monumental Constitution of Liberty (Chicago: University of Chicago Press, 1960). Ludwig von Mises’ Socialism: An Economic and Sociological Analysis (London: Jonathan Cape, 1936, 1969) is the most thorough and devastating critique of collectivistic doctrines ever written. The reader should not overlook, of course, Frederic Bastiat’s Economic Sophisms (ca. 1844), and particularly his essay on “What Is Seen and What Is Not Seen.” Those who are interested in working through the economic classics might find it most profitable to do this in the reverse of their historical order. Presented in this order, the chief works to be consulted, with the dates of their first editions, are: Philip Wicksteed, The Common Sense of Political Economy, 1911; John Bates Clark, The Distribution of Wealth, 1899; Eugen von Böhm-Bawerk, The Positive Theory of Capital, 1888; Karl Menger, Principles of Economics, 1871; W. Stanley Jevons, The Theory of Political Economy, 1871; John Stuart Mill, Principles of Political Economy, 1848; David Ricardo, Principles of Political Economy and Taxation, 1817; and Adam Smith, The Wealth of Nations, 1776. ~ Henry Hazlitt

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