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F. A. Hayek and the Demise of the Socialist System

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Hayek: A Collaborative Biography

Part of the book series: Archival Insights into the Evolution of Economics ((AIEE))

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Abstract

In The Fatal Conceit: The Errors of Socialism, Friedrich August Von Hayek (1988, 7) declared:

The dispute between the market order and socialism is no less than a matter of survival. To follow socialist morality would destroy much of present humankind and impoverish much of the rest.

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Notes

  1. Among notable Russian émigrés were Vladimir Nabokov, Ayn Rand, Pitirim Sorokin, Mark Aldanov, André Andrejew, Yul Brynner, Ivan Bunin, Alexandra Danilova, Serge Diaghilev, Oleg Cassini, Dmitri Nabokov, Sergei Rachmaninoff, Nikolai Berdyaev, Anna Pavlova, Igor Stravinsky, Alexander Prokofief de Seversky, George Ignatieff, Igor Sikorsky, Otto Struve, economists Peter Struve, Wassily Leontief, Alexander Gerschenkron and tens of thousands of others. See: M.V. Nazarov, The Mission of the Russian Emigration, Moscow: Rodnik, 1994.

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  2. F. Hayek, “Road to Serfdom”, Routledge Classics, London 2006, p. 108.

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  3. Richard Pipes, Property and Freedom: The Study of How Through the Centuries Private Ownership Has promoted Liberty and the Rule of Law. Alfred A. Knopf, New York, 1999, pp. 217–218.

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  4. Ludwig Von Mises, Human Action. A Treatise on Economics, Third Revised Edition, Henry Regnery Company, Chicago, 1949, p. 717.

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  5. Richard Pipes, Property and Freedom: The Study of How Through the Centuries Private Ownership has promoted Liberty and the Rule of Law. Alfred A. Knopf, New York, 1999, p. 214.

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  6. Brian Doherty ‘A Tale of Two Libertarianisms. The conflict between Murray Rothbard and F.A. Hayek highlights an enduring division in the libertarian world’.reason.com, March 2010.

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  7. Josef Alan; et al. Alternativní kultura : příběh české společnosti 1945–1989. Praha: Nakladatelství Lidové noviny cop. 2001.

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© 2015 Yuri N. Maltsev

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Maltsev, Y.N. (2015). F. A. Hayek and the Demise of the Socialist System. In: Leeson, R. (eds) Hayek: A Collaborative Biography. Archival Insights into the Evolution of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137479259_5

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