Hayek's conservative thesis was that governmental control of or intervention
in a free market only forestalls such economic ailments as inflation,
unemployment, recession, or depression. In 1944 he suggested in The
Road to Serfdom that mild piecemeal reforms and governmental manipulations
inevitably lead to the kind of ultimate domestic disaster that paves
the way for totalitarian takeover by a Hitler. Hayek's other works include
Prices and Production (1931), The Pure Theory of Capital (1941), The
Constitution of Liberty (1960), Law, Legislation, and Liberty (1978),
and Unemployment and Monetary Policy: Government as Generator of the
Business Cycle (1979).
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