Comparison of Friedrich Hayek's and Joseph Stiglitz's economic ideologies

Austrian economist Friedrich Hayek's book 'The Road To Serfdom' argued against the ballooning welfare state and advocated for embracing the free market. Economist Joseph Stiglitz's book 'The Road To Freedom' offers a counterpoint, arguing for a different conception of freedom that involves government intervention to eliminate poverty and promote equality. Stiglitz criticizes neoliberalism and advocates for a new form of 'progressive capitalism' with increased government involvement in the economy.