An Analysis of Friedrich Hayek's The Road to Serfdom av David Lindén, Nick Broten

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<P>Friedrich Hayek¿s 1944<EM> Road to Serfdom</EM> is a classic of conservative economic argument. While undeniably a product of a specific time in global politics ¿ which saw the threat of fascism from Nazi Germany and its allies beguilingly answered by the promises of socialism ¿ Hayek¿s carefully constructed argument is a fine example of the importance of good reasoning in critical thinking.</P><P>Reasoning is the art of constructing good, persuasive arguments by organizing one¿s thoughts, supporting one¿s conclusions, and considering counter-arguments along the way. <EM>The Road to Serfdom</EM> illustrates all these skills in action; Hayek¿s argument was that, while many assumed socialism to be the answer to totalitarian, fascist regimes, the opposite was true. Socialist government¿s reliance on a large state, centralised control, and bureaucratic planning ¿ he insisted ¿ actually amounts to a different kind of totalitarianism. </P><P>Freedom of choice, Hayek continued, is a centra