...The Reader’s Digest condensed version of The Road to Serfdom The Road to Serfdom FRIEDRICH A. HAYEK The condensed version of The Road to Serfdom by F. A. Hayek as it appeared in the April 1945 edition of Reader’s Digest The Institute of Economic Affairs First published in Great Britain in 1999 in the ‘Rediscovered Riches’ series by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb Reissued in the ‘Occasional Paper’ series in 2001 This condensed version of The Road to Serfdom © Reader’s Digest, reproduced by kind permission The Road to Serfdom is published in all territories outside the USA by Routledge. This version is published by kind permission. All other material copyright © The Institute of Economic Affairs 1999, 2001 Every effort has been made to contact the copyright holders associated with this edition. In some cases this has not been possible. The IEA will be pleased to include any corrections in the next edition. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. isbn 0 255 36530 6 Many IEA publications are translated into...
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...Kellogg World History Period 4 5/27/14 Dan and I had to do the years 1840-1869 for our decade project. The topics that we discussed were leaders, wars, standard of living, economic problems/prosperity, acts of aggression, and new technology. The leader at the time was Nicholas I from 1825-1855. After his death, he was succeeded by Alexander II that reigned from 1855-1881. Nicholas did not like serfdom, which was a member of the lowest feudal class, attached to the land owned by a lord and required to perform labor in return for certain legal or customary rights. He wanted to abolish it but did not because he feared the aristocracy and believed they might turn against him if he abolished serfdom. When Alexander II came to power, he completely abolished serfdom granting freedom to 12 million serfs and land to peasant communes. In 1864 most local government in the European part of Russia was organized into provincial and district zemstva. Zemstvo was a form of local government which were made up of representatives for each district that were responsible for local schools, public health, roads, prisons, and food supply. The district zemstvos elected executive committees and delegates to the provincial assemblies. Resources were scarce due to the defeat in the Crimean war. There were insufficient rail lines in the railway system and the production rate of weapons and machinery decreased by a lot. The standard of living in Russia was very bad. There were millions and millions of serfs...
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...Gutenberg Project (http://www.gutenberg.org/files/1184/1184-h/1184-h.htm). This book provides significant insight into French culture, political and class rivalries that resulted from the French Revolution. Useful for World History. DiLorenzo, Thomas. The Real Lincoln. 2002. Available for purchase on Amazon.com (http://www.amazon.com/Real-Lincoln-Abraham-Agenda-Unnecessary/dp/0761536418). An investigation of the documented history of Lincoln's rise to the presidency and his conduct of the Civil War and its consequences. DiLorenzo takes a very critical view of Lincoln. Useful for U.S. History and Government. Hayek, F.A. The Road to Serfdom. Available for purchase on Amazon.com (http://www.amazon.com/Road-Serfdom-Documents---Definitive-Collected/dp/0226320553/ref=sr_1_1?s=books&ie=UTF8&qid=1385897217&sr=1-1&keywords=the+road+to+serfdom). Hayek is an free-market (Austrian...
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...were widely used for agricultural production in the period 1450 to 1750. Analyze the major similarities and differences between Caribbean Slavery and the Russian Serfdom. History has its random ways of recreating itself in which individuals themselves cannot explain why. Between the era of the 1450’s and the 1750’s, history establishes a devastating way of making the lives of certain individuals easier while making lives of others back breaking, cruel, and unethical. Though slavery may have occurred in some small areas of the world, it became popular after the benefits of owning a slave were established. With the dominating countries of Portugal and Spain, historians began to identify their excellence in economy, wealth, and prosperity throughout this era. With their vast migration of slaves from one part of the world to another, the beginning of a new culture was created. Under their free-will, Africans were widely spread out through the western hemisphere of the world. With the Mongols in power, peasants in Russia were considered as free farmers that had legal positions that were high than serfs in the Medieval era. But, it all changed once the peasants soon gained debt after the fall of the Tatar, thus leaving them no choice but to accept a submissive status under the lords ruling. The beginning of the serfdom class was than created as a way to formally help the peasants with their large debt to the government. An individual can find themself comparing and contrasting the...
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...Decline of Serfdom | Why did the Peasants’ Revolt Occur? Did the insurgents hope to abolish serfdom? How and why did serfdom decline and eventually disappear in England, notwithstanding the failure of the 1381 uprising and other influences of lower class protest against social inequality and injustice? | Naomi Woods Student 297278812/22/2011 | The Peasants Revolt is one of the most well known revolts of Medieval England, the revolt began as a local revolt in Essex in May of 1381, but it soon spread throughout the South East of England affecting many smaller towns along the way and having the biggest impact on London when the people turned their grievances towards the young King Richard II. This revolt was not a planned revolt but rather a spontaneous revolt fuelled by numerous grievances and sparked by the poll tax Parliament had introduced to help pay for the war in France. Incidences in the villages of Fobbing and Brentwood in Essex are said to have triggered the uprising. On 30 May 1381 a tax collector attempted to collect the poll tax from the villagers of Fobbing, the villagers, lead by a local land owner refused to pay and he was forced to leave empty handed, later Robert Belknap (Chief Justice of the Court of Common Pleas) arrived to investigate and punish the offenders, On June 2 he was attacked in Brentwood. By this time the counties of Essex and Kent were in full revolt the peasants and artisans of Essex demanded the King to completely abolish serfdom and the...
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...Student Name Professor Course Date Introduction The initial idea of this was to look at how Social Security and Unemployment Insurance work and explain that. The initial hypothesis was that government insurance programs work as a result of the United States Government forcing citizens to pay into these systems threw taxation. To do start this project I began by reading in the text book used in Macroeconomics at Virginia Statue University and the text book used in all Richard Bland College’s Economics courses. The Initial Hypothesis was based off experience in working and paying into Social Security and speaking with employers on what they pay into these programs on there employees behalf. Knowing that an employee was forced to pay 7.5% of his or her income into Social Security and employers must match a portion of those payments. In return for these payments Americans are told that they will receive payments in the future as retirement income or payments made if the person becomes disabled. In return Americans have a sense of security that the Government will take care of them. (Shipman, 2011) The Unemployment Insurance hypothesis was also based on experience speaking with employers. In different States they pay out different amounts based on the wages they pay there employees. Unemployment insurance pays people a portion of their previous wage if they get laid off or lose their job at no fault of their own. The program is designed to help people get by when they are...
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...reign. In fact his first task was to review a proposal, approved by his father in 1881, called ‘constitution’, that would have appointed committees to discuss legislation and the administration of the country. Therefore Tsar Alexander II and III where at their very different since we can see that Alexander II made a lot of changes in areas like serfdom, civil rights, justice and law, education, popular representation, national rights and dissent. On the other hand, with reference to national rights, the two Tsars were at their most similar. In fact the both firmly believed that the Tsar autocratic structure must remain untouchable. However When Tsar Alexander the II came to the throne in 1855 the desire of reform was widespread. Tsar Alexander II gave to the people reforms that he didn't have to give them. In spite of this, Alexander III started to undo all the ground breaking changes his father made in all areas of Russian life, as a punishment for the assassin of his father. In this essay I will deal with different areas that the two Tsars had partly modified and partly changed completely, the areas that I will discuss are the serfdom,...
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...Gobbet 1. ! a. “Since a national constitution and public liberty are more advantageous to the provinces than the privileges which some of them enjoy, and the sacrifice of which is necessary for the close union of all parts of the realm, all special privileges of provinces, principalities, pays, cantons, cities, and communities of inhabitants, whether pecuniary or of any other kind, are declared abolished forever, and shall be absorbed into the law common to all Frenchmen.” The Abolition of the Feudal Regime, 4th August 1789 ! ! On the 4th August 1979, the National Assembly drafted a decree as an attempt to abolish feudalism and improve the lives of the ‘Third Estate,’ consisting of the bourgeoisie and peasants. In the weeks prior to the issuing of the decree, peasants had been revolting in the rural areas, burning down houses belonging to nobility and destroying records belonging to holders of seigneurial rights in resistance to the rumour that King Louis XVI was attempting to restore his authority by military force. These weeks of revolt and destruction became known as the Great Fear. The National Assembly saw themselves as the only solution and way of bringing about revolutionary change. With the whole country facing the possibility of collapse and disorder, they were left with little choice but to either quell the uprisings using military means or address the apparent grievances of the peasants. ! The Great Fear exposed the lack of authority and vulnerability...
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...Nichole Poore Hist 4440 Mid-Term Essay October 7th, 2006 “It was the best of times; it was the worst of times.” Charles Dickens’ introduction to his novel, A Tale of Two Cities, describes the lives of the peasantry in Europe between 1300 to 1650. For many peasants, their lives could be depicted as overwhelming, depressing, discouraging, and hopeless; yet, many events during these 350 years opened up opportunities for the peasantry to improve their lives. Events ranging from the Hundred Years War to the Black Death, and up until the beginning years of the Renaissance, changed the lives of the peasantry dramatically, all for the better. Before the Black Death reached Europe, peasants’ lives were very difficult. They usually never left the manor on which they served without the master’s permission. It was illegal for them to even move to another city or manor, if they so desired. They were forced to pay rent to their landlords for the land they cultivated themselves. In addition to the rent that was required of them, “they were also required to provide free labor on the lands used by the lord, known as a demesne.”[1] Although there were rewards to living on a manor, the peasantry had more advantages when the manorial system began to break down at the beginning of the fourteenth century. Even though the nobility still dominated rural Europe, peasants were beginning to move out of their status as servants. The Black Death, striking Italy in 1347, was one of the events that...
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...abroad, can affect any civilization and history of many countries. During the 19th century many countries developed laws to gradually or immediately shift civilization away from slavery. This paper explores the religious influences motivating this shift in the legal system as well as the consequences of these laws on work civilization. Slavery was found worldwide and came in many different forms. The most common was the Slave, treated as chattels and wild animals, having no rights and endured harsh physical abuse. The Slave was known more and referred to as the ‘Western Slave’ more commonly found in America. Serfdom, a Russian repression, was a different form of slavery. Serfs were not a legal person, had no property rights, no right to credit transactions and not protected by custom. However, a serf had his own land and property, unlike in slavery. Serfdom was found in China, Japan, India and elsewhere. Muslim Slaves were another form of slavery who was not totally chattel nor altogether human. The owner of the slave maintained unrestricted legal rights to their slave. Muslim slavery was found in Syria, Egypt, Turkey and other countries. The economy of Africa relied mainly on slave trade. In Dahoney, located on the western coast of Africa, they relied much on the trade of human...
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...Commanding Heights - Part 1 - 2 Hours The Battle of Ideas Isiah Bullock Note: The City of London is the place in London where the stock market functions. The phrase “the City of London” or just “the City” very often means the stock market. 1. The question is: which would control the commanding heights of the world’s economies: governments or markets. 2. In the 1940's, the two most important economists of the age are: John Maynard Keynes and Friedrich von Hayek. 3. WWI ended the first global conflict and it would be 21 years before it returned. 4. Friedrich Von Hayek served in the Austrian artillery during WWI, and he sensed the problems of political organization. 5. In 1917, the Russian revolution was based on the economic theories of Karl and Lenin sought to smash capitalism. 6. Keynes was a delegate to the Versailles peace negotiations and when he saw the level of crippling social, political, and economic reparations demanded by the victors he resigned and predicted the final war would destroy the civilization and progress of their generation. 7. After the study of economics, Hayek described himself as a socialist but as a ____________________________. 8. Much of Vienna’s intellectual life took place outside the university, in the coffee houses across the Ringstrasse. 9. Hayek joined the circle of a passionate libertarian Ludwig von Mises,who thought that markets should be free from government meddling. And the distinguishing hallmark...
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...which I included because I just heard the author talk about the book. John Chamberlain, The Roots of Capitalism. Liberty Press, 1976. The original edition was published in 1959 by Van Nostrand, Co. Hernando DeSoto, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Basic Books, 2000. Milton Friedman, Capitalism and Freedom. University of Chicago Press, 1962. There are newer editions. Milton and Rose Friedman, Free to Choose. There was a TV series with the same title. Gwartney, Lawson, & Hall, Economic Freedom of the World, Fraser Institute. Any current year. Henry Hazlitt, Economics in One Lesson. Crown Publishers, Inc., 1979. The original edition was published in 1946. F.A. Hayek, The Road To Serfdom, University of Chicago Press, 2007. The original edition was published in 1944. R.A. Hayek, Individualism and Economic Order. University of Chicago Press 1980. The original edition was published in 1948. Benjamin A. Rogge, Can Capitalism Survive. Liberty Fund, 1979. Adam Smith, Wealth of Nations. Any of the many editions. Book I is his basic economics and theory of growth. Book is the famous discussion of Mercantilism. Henry Grandy Weaver, Mainspring of Human Progress, The Foundation For Economic Education, 1947. There are newer editions. Something Different – Mysteries with economic twists. Hill and Dale, Death on Demand, Horton, 1985. Wolfson and Buranelli, In the Long Run We Are All...
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...There are many features to the libertarian worldview. Individualism is the foundational principle of libertarianism. Human beings have dignity and are capable of making their own decisions. Everyone has the right to choose how they pursue life, liberty, and ownership of property and no one has the right to encroach upon an individual’s freedoms. Furthermore, people must be responsible for the consequences of their decisions. Libertarians also emphasize the value spontaneous order. Absent of central planners, the accumulation of people’s free choices is a complex network of real order. Civil societies, languages, markets, and laws have come about because free and like-minded individuals collaborate in order to each achieve their purposes. Libertarians are very skeptical of government. Because of their emphasis on individualism and spontaneous order, they view much of the existing political structure as unnecessary. However, most libertarians believe that the state is responsible to protect the inherent rights of humans. Valid functions of the state include law enforcement, the justice system, and basic military. Libertarians especially emphasize the need for protecting incentives. Incentives motivate individuals. Without incentives, societies will not advance. Therefore, the state must ensure that individuals get to keep the rewards of their efforts. Libertarian philosophy stresses the importance of free markets. As individuals have the right to secure property...
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...maintain healthy trade with each other, to give each other loans to help save weaker countries having problems, and to heavily regulate their currency exchange rates. The International Monetary Fund (IMF) and World Bank were created as part of Bretton Woods. Though it would take several years for this to become apparent, the Bretton Woods system indeed saved the Western World from backsliding into depression and in fact inaugurated a long period of explosive economic growth. During WWII, Britain’s various political parties put aside their differences in order to fight the war, but as the conflict was coming to a close, old divisions reemerged. In 1945, there was a general election. Winston Churchill who was influenced by Hayek’s the Road to serfdom, opposed planning and controls. According to him, no socialist system can be established without a political police, some form of Gestapo. When the labor took power, private owners were...
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...Alexander II was pronounced Tsar in 1855 after his father died. On his Nicholas I death bed he said the following to his son: “I hand over to you my command, unfortunately not as in good order as I would have wished” Although Alexander II was not a natural reformer he had recognised the need to reform. He was certainly more receptive to new ideas and understood the need for change. The need for reform was evident a long time before Alexander II became Tsar of Russia. Alexander II believed that part of his responsibility involved developing and improving the power and prestige of Russia. This was done to restore the country’s dignity and assisting Russia to become a leading power of Europe. Furthermore Alexander II knows that any reforms he made had to modernise and strengthen Russia as well as maintain autocracy. Alexander II embarked on the reform programme for the following reasons: * Russia was at a crossroads. * It had suffered defeat in the Crimean War. * There had been peasant unrest caused by his father’s decision to recruit a militia in January 1855. * The Crimean war had caused the government a large financial problem. This resulted in a debt burden of one billion roubles. The defeat in the Crimean War concentrated the minds of Alexander II and his advisors. This defeat also discredited the entire regime and forced Alexander II to acknowledge that there were military deficiencies that were a deeper refection of the problem faced within Russian...
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