The Fight Continues: The Differences between Keynes and Hayek

John Maynard Keynes and F.A. Hayek are two of the most controversial economic figures of the 20th century. Both made huge contributions to the field of economics and both stand in direct opposition to each other, which is one reason why they have presented such a fascinating juxtaposition over the last century.

How a Classic Christmas Movie Can Teach Us about Human Action

As a Millennial, I will admit that I’ve never seen the original Miracle on 34thStreet. However, the 1994 remake of the film holds a special place in my heart. While watching the film again for the first time in almost 15 years, I realized something I had never noticed before: the film is a wonderful lesson in human action and the basic principles of free market economics.

Lessons from the Road to Serfdom

The lessons that can be learned from F.A. Hayek’s The Road to Serfdom are so numerous it would be almost impossible to list them all. But after taking the time to dive into this classic piece of economic literature, I compiled a list of what I consider to be the most important lessons one can learn while strolling down The Road to Serfdom.

Now Is The Time For Us All To Chart Our Own Individual Course.

You can design your own education, be your own content editor, create your own enterprise of one, or make flexible work choices tailored to your needs and preferences. Most importantly, you can adhere to your own individual values and construct your own personal brand.

The Road To Individualism: Signposts.

The Road To Individualism will be signposted by new technologies, universally available to augment individual capability and open up individual opportunity.

The Road to Serfdom Shows Us That What Is past Is Prologue

When I decided to read and live-blog The Road to Serfdom by F.A. Hayek, I will admit I did not fully understand what I had signed up to do. Reading excerpts from the book is one thing, but endeavoring to read the book in its entirety and also write my accompanying thoughts was an entirely different feat altogether.

Hayek Warns of the International Road to Serfdom

In the previous chapter of The Road to Serfdom, F.A. Hayek spelled out his concerns for the problems facing America in the aftermath of WWII. Moving away from discussing domestic policy, in chapter 15, “The Prospects of International Order” Hayek discusses the grave problems associated with global governance.

Hayek Was Right, Welfare Is False Philanthropy at Its Finest

In chapter 14 of The Road to Serfdom, “Material Conditions and Ideal Ends,” Hayek focuses on the path forward now that the Second World War was coming to an end. Specifically, he explains that calling on the state to coercively act in the name of the “greater good” is not a moral act worthy of praise.

Chaos on the Road Is More Orderly Than You Think

To most people, an “anything goes” approach on the road seems crazy, to say the least. And why shouldn’t it? Cars weigh thousands of pounds and once moving at high speeds are essentially large deathtraps all charging towards each other. On its own, this concept is concerning enough without having to imagine what would happen in the absence of all traffic signals. How would cars know when to stop and when to go?

England Inches Down the Road to Serfdom

England, which, as explained in the last chapter, represented the origin of individualist thought, had steadily been heading down a similar road as Germany had in the decades prior to WWII. While it may have taken a different form, when looked at from the perspective of totalitarianism in all things economic, England, as it stood in 1944, had taken swift strides away from liberalism and instead found itself headed in the direction of complete central authority.

About The Center For Individualism

The Center for Individualism exists to revive individualism in America. We seek to be a catalyst for cultural change and a hub for all who aspire to live a self-reliant life. We produce content, curate resources, provide services, and facilitate relationships that empower people to achieve their personal and economic ambitions. Our purpose is to support individuals in building a better life for themselves – and in so doing, to build a better society for all.

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