The author’s point is that the greatest advantage of a democratic firm system is a major impulse to political democracy. The idea that economic democracy furthers political democracy will sound fairly obvious not only to students of historical materialism, but also to anyone believing that...

F. A. Hayek published The Road to Serfdom in 1944, so 2019 marks the 75th anniversary of the event. The paper traces how Hayek came to write the book, who his opponents were, and how the book got interpreted by both friends and critics after its publication. Because the book is more typically...