Readers have misread the polarities of Hayek’s wartime context and argument

Evidence

Hayek’s Road to Serfdom (1944) is a work that has assumed a central intellectual and symbolic importance for British neoliberalism. It was written in Britain during the early 1940s while Hayek, then professor of economics at the London School of Economics, was teaching in the school’s wartime home—Cambridge. All of these factors are of importance, positively or negatively; but most readers of the book have misread these polarities. Hayek’s chief line of argument is that the classical liberalism on which the liberty and prosperity of nineteenth-century Britain was built was threatened by statist, German ideas that furthered increasingly deliberate regulation of all social life. But while invoking classical liberalism, Hayek signally failed to consider why, by the later nineteenth century, it had already been displaced in Britain by “new liberalism.” By midcentury this was also a spent force, because the political forces that had converted “classical” into “new” liberalism—the extension of the franchise, the emergence of the Labour Party, and the political consequences of World War I—had in turn fatally undermined new liberalism by the later 1920s. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 375

Categorization

  • XREF: Connects to the broader historiographic debate over Hayek’s Road to Serfdom as both a wartime British production and a symbolic founding text of neoliberalism — aligns with Slobodian’s and Mirowski’s readings of the neoliberal network’s origins. — connects to: Wartime despair over collectivism’s ascendancy animated Hayek’s Road to Serfdom. — Angus Burgin, The Great Persuasion: Reinventing Free…, 203; The Road to Serfdom’s vagueness enabled its selective partisan misreading — Angus Burgin, The Great Persuasion: Reinventing Free…, 234; Hayek blamed Germanic ideas, not industrialization, for British statism — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 154 (+2 more)
  • QUESTION: Worth chasing: what specifically does Hayek omit about why classical liberalism faded in Britain — and does this omission shape the MPS’s own blind spots?
  • corroborated: 2 independent passages support this claim — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 375

Broader Connections