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THE COLLECTED WORKS OF

F. A. Hayek

VOLUME II

THE ROAD TO SERFDOM

Text and Documents

The Definitive Edition

PLAN OF THE COLLECTED WORKS

Edited by Bruce Caldwell

Volume I The Fatal Conceit: The Errors of Socialism (1988)

Volume II The Road to Serfdom: Text and Documents

Volume III The Trend of Economic Thinking: Essays on Political Economists and Economic History (1991)

Volume IV The Fortunes of Liberalism and the Austrian School: Essays on Austrian Economics and the Ideal of Freedom (1992)

Volume V Good Money, Part I: The New World (1999)

Volume VI Good Money, Part II: The Standard (1999)

Volume VII Business Cycles, Part I

Volume VIII Business Cycles, Part

Volume IX Contra Keynes and Cambridge: Essays, Correspondence (1995)

Volume X Socialism and War: Essays, Documents, Reviews (1997)

Volume XI Capital and Interest

Volume XII The Pure Theory of Capital

Volume XIII Studies on the Abuse of Reason

Volume XIV The Sensory Order and Other Essays

Volume XV The Market and Other Orders

Volume XVI John Stuart Mill and Harriet Taylor

Volume XVII The Constitution of Liberty

Volume XVIII Essays on Liberty

Volume XIX Law, Legislation, and Liberty

Supplement Hayek on Hayek: An Autobiographical Dialogue (1994)

The plan is provisional. Minor alterations may occur in titles of individual books, and several additional volumes may be added.

THE COLLECTED WORKS OF

F. A. Hayek

VOLUME II

THE ROAD TO SERFDOM

Text and Documents

The Definitive Edition

EDITED BY

BRUCE CALDWELL

The University of Chicago Press

BRUCE CALDWELL is the Joe Rosenthal Excellence Professor in the Department of Economics at the University of North Carolina, Greensboro, and author of Beyond Positivism: Economic Methodology in the Twentieth Century and Hayek’s Challenge: An Intellectual Biography of F. A. Hayek, the latter also published by the University of Chicago Press. He is a past president of the History of Economics Society.

The University of Chicago Press

Routledge, London

© 2007 by the Estate of F. A. Hayek

Original text © 1944 by The University of Chicago

All rights reserved. Published 2007

Printed in the United States of America

16 15 14 13 12 11 10 09 08 07 1 2 3 4 5

ISBN-13: 978-0-226-32054-0 (cloth)

ISBN-13: 978-0-226-32055-7 (paper)

ISBN-10: 0-226-32054-5 (cloth)

ISBN-10: 0-226-32055-3 (paper)

Library of Congress Cataloging-in-Publication Data

Hayek, Friedrich A. von (Friedrich August), 1899–1992.

The road to serfdom : text and documents / F. A. Hayek ; edited by Bruce Caldwell. — Definitive ed.

p. cm. — (The collected works of F. A. Hayek ; v. 2)

Includes bibliographical references and index.

ISBN-13: 978-0-226-32054-0 (cloth : alk. paper)

ISBN-13: 978-0-226-32055-7 (pbk. : alk. paper)

ISBN-10: 0-226-32054-5 (cloth : alk. paper)

ISBN-10: 0-226-32055-3 (pbk. : alk. paper)

1. Economic policy. 2. Totalitarianism. I. Caldwell, Bruce. II. Title. III. Series: Hayek, Friedrich A. von (Friedrich August), 1899–1992. Works. 1989 ; v. 2.

HB171 .H426 1989 vol. 2

[HD82]

330.1 s—dc22

[338.9] 2006012835

The paper used in this publication meets the minimum requirements of the American National Standard for Information Sciences—Permanence of Paper for Printed Library Materials, ANSI Z39.48-1992.

THE COLLECTED WORKS OF F. A. HAYEK

Founding Editor: W. W. Bartley III

General Editor: Bruce Caldwell

Published with the support of

The Hoover Institution on War, Revolution and Peace

Stanford University

The Earhart Foundation

The Pierre F. and Enid Goodrich Foundation

The Morris Foundation, Little Rock

CONTENTS

Editorial Foreword

Introduction

THE ROAD TO SERFDOM

Preface to the Original Editions

Foreword to the 1956 American Paperback Edition

Preface to the 1976 Edition

Introduction

One: The Abandoned Road

Two: The Great Utopia

Three: Individualism and Collectivism

Four: The “Inevitability” of Planning

Five: Planning and Democracy

Six: Planning and the Rule of Law

Seven: Economic Control and Totalitarianism

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