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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.
Vikash Yadav is associate professor of international relations and Asian studies at Hobart and William Smith Colleges.
PrefaceIntroductionChapter One The Abandoned RoadChapter Two The Great UtopiaChapter Three Individualism and CollectivismChapter Four The “Inevitability” of PlanningChapter Five Planning and DemocracyChapter Six Planning and the Rule of LawChapter Seven Economic Control and TotalitarianismChapter Eight Who, Whom?Chapter Nine Security and FreedomChapter Ten Why the Worst Get on TopChapter Eleven The End of TruthChapter Twelve The Socialist Roots of NazismChapter Thirteen The Totalitarians in Our MidstChapter Fourteen Material Conditions and Ideal EndsChapter Fifteen The Prospects of International OrderConclusionAcknowledgmentsNotesBibliography
"Yadav debuts with a vigorous reappraisal of 20th-century economist Friedrich Hayek in light of todayʼs increasing authoritarian encroachment on liberal, meritocratic, free-market societies. . . . Seamlessly intertwining political philosophy, intellectual history, and textual criticism, this is an expansive and robust defense of capitalist liberalism."