The Remonetization of the Commonwealth of Independent States
1992; American Economic Association; Volume: 82; Issue: 2 Linguagem: Inglês
ISSN
1944-7981
Autores Tópico(s)American Constitutional Law and Politics
ResumoIn 1940 Britain saved herself from tyranny by her endeavors; in the long run she saved the world from tyranny by her example. In that fateful year, a splendid few rose up into the skies over Britain to do battle against the forces of despotism and evil. An analogously small number took up the pen rather than the sword. Preeminent among these was Friedrich August von Hayek. The fourth generation of Austrian economists worked mostly abroad. It was England's good fortune to be the safe haven of Hayek from 1932 to 1950 where he was Tooke Professor of Economic Science and Statistics at the London School of Economics. With the inevitable delays imposed by the uncertainties of war, The Road to Serfdom was eventually published in England in the spring of 1944. Deservedly, it became an instant success and Hayek found out immediately what a tiny minority he was in. One is reminded of the English bowman before the battle of Agincourt who laments to King Henry that the odds appear to be five-to-one against the English; to which Henry replies, If fewer men, the greater share of honor. It is a wonderful thing that Hayek has lived to see the good that he espoused triumph over the evil that he despised and the forces of tyranny put to flight on a global scale. No one could be more deserving of the share of honors that have been bestowed upon him.
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