Lesson 8 Lesson 8: Hayek: Conserving Freedom
Presented by: Dr. Anne Rathbone Bradley and Dr. Jay Richards
George Mason University and The Catholic University of America
Freedom versus Central Planning
F. A. Hayek was a leading champion of economic and political liberty. He analyzed the effects of both on morals. Students will learn why he believed that collectivist economic policies necessarily lead away from democracy toward totalitarian government, and toward a moral code in which formal principles are replaced by sheer power.
Key Concepts: (1) Central Planning, (2) Democracy, (3) Totalitarianism, (4) Rule of Law, (5) Truth

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F. A. Hayek, The Road to Serfdom, selections, Chapter 5, “Planning and Democracy,” Chapter 6, “Planning and the Rule of Law,” Chapter 10 “Why the Worst Get on Top,” Chapter 11 “The End of Truth.” pp. 100-111; 112-123; 171-180; 157-170.
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F. A. Hayek, “‘Free’ Enterprise and Competitive Order,” Individualism and Economic Order, pp. 107-118.
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“Keynes vs. Hayek Rap Battle: Fear the Boom and Bust” with John Papola & Russ Roberts
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“Essential Hayek: The Rule of Law” with Don Boudreaux, Fraser Institute and George Mason University
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