Ayek Essay Assignment The Road to Serfdom”

Familiarize students with a philosophy opposing the commonly held Keynesian view that government intervention in the economy is efficient and desirable.
Students are to write a summary paper using quotes from Hayekas Road to Serfdom explaining Hayekas thesis that all forms of collectivism (Central Planning) lead logically and inevitably to tyranny while making sure to address the point listed below (see Hayek questions) using the Hayek process timeline to organize your answers. The paper should be at least 5 pages long, double space (not counting quotations from the book), with 1 inch margin on all sides, 12 point, Times Roman font. Students should use quotation to support the logical progression of ideas they develop. Any quotations must be from the Hayek book and each quote must be set off with quotes or very long quotations the students should placed the quoted work in a separate paragraph and italicize the quote. Students should use quotes to support their argument and explain what each quote means in their own words and how the quote demonstrates the logical progression that Hayek is communicating.
Copying sentences, phrases, or paragraph from any source will result in the student earning an a?Fa for the course. Students should be advised that each paper will be scanned for plagiarized content.

Questions to be addressed in Term Paper
(The Road to Serfdom, ISBN-13: 978-0-226-32055-7 chapters 1 thru 12 only)
a? Hayekas argues that the Soviet Union and Nazi Germany are examples of countries that had gone down the a?road to serfdoma? and reach tyranny. Did Hayek believe that these countries intended to head down this a?roada?? Explain Hayek view and how he reaches this conclusion. Use quotes from the book to support your argument.

a? Many liberal concepts now taken for granted, such as the freedom of speech or the separation of powers, we owe to this enlightenment period and to a great intellectuals such as John Locke and Adam Smith. These ideas were so influential that they inspired the American founding father when they wrote the Constitution. One consequence of the prevalence of these ideas was an unprecedented standard of living, which wasnat evenly distributed, but nonetheless made the poor relatively better off than they had been before. Explain how liberal ideas created unprecedented rise in living standards Hayek describes. Use quotes from the book to support your argument.

a? The huge amount of wealth in society made poverty seem unnecessary, as people felt that if only profits were evenly distributed, nobody would need to starve or live in squalor. Gradually attitudes changed and classical liberal values became associated with selfishness and greed, and soon it was Germany, rather than the UK, that exported their intellectual ideas across the world, most notably with Carl Max. Socialism became a dominant ideology in Germany a generation before it existed in the UK by adopting the language of the classic liberal using terms such as a?freedoma?, as they explained that political freedom was insufficient without also having economic freedom. Explain Hayek view of the difference between what liberal meant by freedom and what socialist meant by freedom. Use quotes from the book to support your argument.

a? Hayek Argued that within a centrally planned economic system, the distribution and allocation of all resources and goods would devolve onto a small group, which would be incapable of processing all the information pertinent to the appropriate distribution of the resources and goods at the central plannersa disposal. Explain why Hayek believed a free market would be able to coordinate an economy while central planners would be incapable of determining the appropriate distribution of resources. What devices do free market use to coordinate their activities in Hayek view?

a? What was Hayekas view on why a?expertsa or a?specialista would aid in the creation of a centrally planned economy?

a? Disagreement about the practical implementation of any economic plan combined with the inadequacy of the central plannersa resource management would invariably necessitate coercion in order for anything to be achieved. Explain why Hayek believes this to be the case and why it would occur?

a? When there is an agreement on the means, collectivism, but no on the ends, the situation soon arises where conflict between become common. What was the implication of this conflict?

a? Hayek further argued that the failure of central planning would be perceived by the public as an absence of sufficient power by the state to implement an otherwise good idea. Such a perception would lead the public to vote more power to the state, and would assist the rise to power of a a?strong mana?. Explain why Hayek believe that central planning, with its dismantling of the free market system, ends in the destruction of all individual economic and personal freedom, and that a a?strong mana? would rise, leading to outright totalitarianism.

a? a?The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule.a? Explain why collectivism requires accepting that the end justifies the means.

a? Communism and Fascism according to Hayek are closely related. Why?

a? There is also a stage between the two, where the state and private sector merge together to create corporatism. Explain why Hayek believe that corporatism would lead to more corporation and might lead to either fascism or communism

a? In the debate between collectivism and individualism, it is often said that collectivism is preferable because of the a?inevitabilitya of monopoly in the private sector. What was Hayek view on the a?inevitabilitya of monopoly? What really created many monopolies in Hayekas view?

a? There is also an inherent contradiction between collectivism and the rule of law. Why do these occur? Why does central planning eliminate the rule of law?

a? The institution of democracy is incompatible with collectivism. Why?

a? Planners assure the population that the only their economic life will be planned, yet by controlling the economy, the state can control all aspects of life and the state will be forced to prohibit individual for making decision themselves. Explain why?

a? Any inequality that exists within a planned society is more personal than in a free society and this creates a growing feeling of resentment towards the planners.

a? In Hayekas view which group will come to power in a democracy in the chaos of attempting to implement a centrally plan? Explain why.

a? Explain why the state in a centrally planned economy will create an a?us versus thema? mentality.

a? Why is it that in a planned economy that a?The end justifies the meansa? becomes the supreme rule of the state and this results in the abandonment of democratic procedure, and why do authoritarians rise to the top in such a dysfunctional democracy.

a? Hayek says that morality comes from free choice, and you cannot be selfless either at someone elseas expense o from compulsion.Explain