The Road from Serfdom: The Economic and Political Consequences of the End of CommunismThe Crisis of Communism at the end of the 1980's was hailed as a triumph for Western capitalism, but initial euphoria soon turned to pessimism as the West failed to react adequately to the momentous changes that were taking place in the "new world order". While the demise of established Cold War structures threatened to unleash worldwide pandemonium, the passing of socialism seemed to leave money-making and ethnic violence as the only competitors for the future. In The Road from Serfdom Robert Skidelsky, one of our foremost political economists, reasserts the need for optimism. The collapse of communism, he argues, is the most hopeful event to have happened in the twentienth century, not least by reviving the liberal promise shattered by the First World War. Drawing parallels between the post-World War I political flux and conditions today, Skidelsky links the demise of communism - and its turbulent legacy - to the global failure of this century's most misguided concept: collectivism. Arguing that the ideological void left by the end of communism poses at once a threat and an urgent opportunity, Skidelsky urges the liberal West to reassert its leadership by developing a "constitution of liberty" aimed at entrenching the post-communist world order. In the current proliferation of simplistic blueprints for the future, The Road from Serfdom offers an intellectually bold, realistic, and timely prescription for the future in the face of today's economic and political challenges. |
Contents
TWO THE NATURE OF COLLECTIVISM | 17 |
THREE THE RISE OF COLLECTIVISM | 27 |
FOUR THE ERA OF WARS | 45 |
Copyright | |
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The Road from Serfdom: The Economic and Political Consequences of the End of ... Robert Skidelsky No preview available - 1997 |
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achieve agriculture American autarkic Britain budget deficits capital capitalist cent central bank central planning classical liberal Cold War collapse collectivism collectivist command economy Communism Communist Communist Party competition corporatism corporatist cost created crisis Czech Republic democracy democratic developing countries Eastern econ economist enterprises European exchange rates export Fascism finance forces foreign Gaidar Germany Gorbachev growth Hayek hyperinflation ideological increased individual industrial inflation inflationary investment Jeffrey Sachs Keynes Keynesian Khrushchev labour liberal macroeconomic Margaret Thatcher market economy ment military monetarism monetary monopoly national income needed output planning system Poland political economy post-Communist problem production programme public spending Reagan reform republics restructuring revenue rise Russia Sachs sector shock therapy social socialist society Soviet Union stabilization Stalin started state's subsidies tariff theory tion trade unemployment United wages welfare West Western Europe workers Yeltsin