Janek Wasserman— Americans searching Amazon’s best-seller list in June 2010 would have encountered a surprising title at the top, above the likes of books by Stieg Larsson, George W. Bush, Malcolm Gladwell, and Michael Lewis: Friedrich Hayek’s Road to Serfdom. The “Definitive Edition” had appeared in 2007, yet it sold only
Janek Wasserman— Friedrich Hayek’s Road to Serfdom is inarguably the most famous book associated with the Austrian School of Economics. The basic premises of Hayek’s argument are well known: “socialist” trends in German thought now threatened Western democracies; fascism and Nazism were the necessary outcome of those trends; government planning undermined