The spatial politics of F.A. Hayek's Road to Serfdom

This paper re-examines Hayek's Road to Serfdom in historical context. Of particular interest is Hayek's claim that “left” and “right” socialism of the 1930s had much in common. In making this argument, Hayek held that all socialism implied planning at the expense of consumer sovereignty. We first agree to plan, but if we are then unable to agree on its contents, someone imposes a specific course of action on us. Hayek was strenuously opposed at the time by Abba Lerner and E.F.M. Durbin, who held that we can conceptualize, and perhaps put into place, a sort of socialism which yields to the will of consumer preferences.