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Hayek's The Road to Serfdom

In Our Time: Philosophy

CHAPTER

Hayek's Vision: Government and the Market

This chapter explores Friedrich Hayek's nuanced views on the role of government within a free market economy, advocating for state involvement to establish rules without stifling competition. It examines his criticisms of socialism and centralized control, while also reflecting on the intellectual debates with contemporaries like Keynes. Furthermore, the chapter highlights the enduring impact of 'The Road to Serfdom' on modern political discourse, showcasing its relevance in discussions surrounding capitalism and state intervention.

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