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Spring 2001

ISSN 0890-913X

Volume 16, Number 2

Categories: Spring 2001

Hayek's Slippery Slope : Is There a Third Way?

David L. Shapiro, Mesa Community College

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Hayek=sSlipperySlopeIsThereaThirdWay?DavidL.Shapiro1MesaCommunityCollegeTheinterestinFriedrichHayek=sfamousbook,TheRoadtoSerfdom(Hayek,1944),writtenintheearly1940=shaswaxedandwanedovertheinterveningyears.Recently,however,therehasbeenadecidedrenaissanceofinterestinthebook.ThisinterestisbynomeansconfinedtothiscountryandtoWesternEuropebuthasmanifesteditselfincountriesasdiverseasChinaandRussia.Thereisstillcontroversy,however,bothoverthemessageofSerfdomanditsapplicabilitytocurrentevents.ManycriticshavechargedthatthemessageofSerfdomwasthattotalitarianismwouldbetheinevitableconsequenceofinterferencesintothemarketsystem.Hayek,later,deniedthisandrespondedthattheargumentofthebookwasthatunlesswemendtheprinciplesofourpolicysomeveryunpleasantconsequenceswillfollow,whichmostofthosewhoadvocatethosepoliciesdonotwant.TheunpleasantconsequencesofwhichHayekspeakscameundertheheadingofsocialism.HayekoriginallyrailedagainstthesocialismthatheencounteredinhisnativeAustriaandinWesternEurope.Thiswas,moreorless,classicalsocialism,whereinthestateownedthemeansofproductionandallocatedtheresourcesaccordingtothedictateofbureaucraticofficials.Thearbitrarinessofthisprocedurewasobscuredormaskedbythenotionthatthisallocationtookplaceaccordingtoaplan.Bureaucraticofficials,ofcourse,formulatedtheAplan.@InlaterwritingsHayekreformulatedthedefinitionofsocialism,arguingthatsocialismhascometomeantheextensiveredistributionofincomesthroughtaxation,andintheinstitutionof1ThehelpfuleditorialcommentsandsuggestionsofLambrosHatzilambrou.RonaldW.Meyer,andCarylShapiroareacknowledgedwithgratitude.

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Metadata [hide]

Title	Hayek's Slippery Slope : Is There a Third Way?
Authors/Creators:	David L. Shapiro, Mesa Community College
Year:	2001
Volume:	16
Number:	2
Pages:	16 - 29
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles

Citation:
Shapiro, David L. / 2001. "Hayek's Slippery Slope : Is There a Third Way?." The Journal of Private Enterprise, 16(2): 16-29.