Brazil’s road to serfdom
Anna B. Faria () and
J. Robert Subrick ()
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Anna B. Faria: University of Colorado Colorado Springs
J. Robert Subrick: James Madison University
The Review of Austrian Economics, 2022, vol. 35, issue 2, No 1, 143-161
Abstract This paper applies Hayek’s arguments in “The Road to Serfdom” to the case of Brazil in the first three decades of the twentieth century. We describe the Brazilian experiment under a liberal regime from 1892 and 1930 and the causes of its demise. We identify these causes as stemming from a shift in the political ideology following World War I and the breakdown of the constitutional rule of limited government. We argue that the Hayekian analysis of “The Road to Serfdom” correctly identifies these causes as stemming from an ideological and practical overreliance on government’s capacity to direct the economy.
Keywords: B53; N46; O54; P48; Brazil; Interventionism; Road to Serfdom (search for similar items in EconPapers)
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