The Road to Serfdom: Despotism, Then and Now

“Every economy has its contradictions.… What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth.” — Paul Samuelson, Economics, 1985 edition

“Contrary to what many skeptics had earlier believed, the Soviet economy is proof that … a socialist command economy can function and even thrive.” — Paul Samuelson, Economics, 1989 edition

“Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.” — Paul Samuelson, 2009

via Study Hayek’s Road to Serfdom with Tom DiLorenzo

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