Friedrich Von Hayek – The Road to Serfdom

Philosophize This! | 12 February 2020 | 0h 23m | Listen Later | iTunes
Discusses the economic philosophies of Friedrich Hayek set out in The Road to Serfdom. Backgrounds the historical context of centrally planned governments fighting WWII. Hayek argued that the economy emerges from billions of transactions that can’t be planned, predicted, or ever fully known. Since Government can’t understand enough, it shouldn’t seek to control the economy. but should maximise freedom so that the economy can self-order to embody free choices.

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