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The Road to Serfdom
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My story begins with a young Englishman named Lionel Robbins, later Lord Robbins of Clare Market. In 1929, at the age
of only 30, he had been appointed Professor of Economics at the London School of Economics and Political Science (LSE), a college
of the University of London. He was arguably the greatest English economist of his generation, and he was fl uent in German. This
skill alerted him to the work of a young Austrian economist, Friedrich Hayek, and he invited his equally young counterpart
to lecture at the LSE. Such was the success of these lectures that Hayek was appointed Tooke Professor of Economic Science and
Statistics at the LSE in 1931, and became an English citizen long before such status had become a ‘passport of convenience’.
In the 1930s John Maynard Keynes was in full fl ow. He was the most famous economist in the world, and Hayek was his only
real rival. In 1936 Keynes published his infamous General Theory of Employment, Interest and Money
FRIEDRICH A. HAYEK - Personal Name
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The Road to Serfdom
Management
English
2005
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