Bruce Caldwell Discusses "The Road to Serfdom" on the AEA's Research Highlights Podcast

Bruce Caldwell, the director of the HOPE Center, recently spoke with the AEA's Tyler Smith about F. A. Hayek's Road to Serfdom. The interview can be heard on the AEA's website as an episode of the podcast Research Highlights.

As Bruce explains in the interview, "The basic argument that [Hayek's] making is that when you concentrate power in the hands of few people in a socialist regime, . . . the government is everyone's boss in terms of producing goods, and they make allocation decisions about jobs that people will have and decisions about what sorts of goods are going to be produced. And in this sort of set up, he said, people are not going to be happy."

The interview was conducted in conjunction with the publication of Bruce's essay on The Road to Serfdom that appears in the September 2020 issue of the Journal of Economic Literature.