Liberalism's Last Man: Hayek in the Age of Political Capitalism

Liberalism's Last Man: Hayek in the Age of Political Capitalism

Author
Vikash Yadav
Publisher
University of Chicago Press
Language
English
Year
2023
Page
288
ISBN
0226821471,9780226821474
File Type
pdf
File Size
959.3 KiB

A modern reframing of Friedrich Hayek’s most famous work for the 21st century.
Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous.
In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

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