In September 1944, Henry Hazlitt wrote in the New York Times Review of Books that Friedrich Hayek's The Road to Serfdom was "one of the most important books of our generation."
Now 66 years later, the NYT Review of Books features an essay by Jennifer Schuessler, about Hayek and The Road to Serfdom. It is not as deservedly laudatory as Hazlitt's review was, but it will be informative to the reader who is not familiar with Hayek--and it will certainly serve as a teaser for the curious to learn more about Hayek and cause them to read the remarkable, The Road to Serfdom.
This is, indeed, great stuff. It would be even greater though if Ludwig von Mises (Hayek's mentor) and Murray Rothbard were recognized. Mises and Rothbard were as brilliant as Hayek and more consistent. They, however, were not as polite to the ruling elite.i.e.they told it the way it was, without pulling punches the way Hayek occasionally did. Thus, they continue to be whitewashed by those in power and by those who strive to be in the good graces of the power elite.
If you have some how come upon this page in an attempt to learn more about Hayek. You should also read Rothbard and Mises, to get a richer understanding of the Austrian School of economics of which Hayek is an important part.
And, as usual, there is not even the barest description of the ABCT. Or a note that the gist of the ABCT is that our problems are caused by Keynesian style monetary policy, for which Hayek won the Nobel Prize.
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