revver.com Look Magazine in 1940 made a classic comic strip of Hayek "The Road to Serfdom. Hayek was the Nobel Prize for Economics in 1974 to win. en.wikipedia.org Hayek's central thesis is that all forms of collectivism logically and inevitably to tyranny, and he used the Soviet Union and Nazi Germany as examples of countries that have down "The Road to Serfdom" and reached tyranny has gone. Hayek argued that within a centrally planned economy, distribution andAllocation of all resources and goods would be transferred to a small group who are not able to process all relevant information appropriate distribution of resources and goods would be available to central planners. Disagreement on the practical implementation of a business plan with the inadequacy of the central management resource planning would inevitably requires coercion combined to achieve something. Hayek also argued that the failure ofcentral planning would be by the public as a lack of sufficient power exercised by the State to implement a good idea otherwise. This perception could lead the public to vote more power to the state, and would give rise to power of a "strong man" may be perceived support to "do the job." After these developments Hayek argued that a country would inevitably be driven into outright totalitarianism. For Hayek "The Road to Serfdom" inadvertently placed on central planning,with ...
Tags: Road, Serfdom, Friedrich, Hayek, Nobel, Prize, Economics
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