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The Road to Serfdom
Hayek's prophetic warning against central planning — the book that launched a movement and won its author a Nobel Prize. Essential reading for every student of freedom.
The single most important book for understanding why central planning always fails — read it before you argue about economics with anyone.
What You'll Learn from The Road to Serfdom
- 1Central planning inevitably leads to the erosion of individual freedoms.
- 2Economic control cannot be separated from political control.
- 3The road to totalitarianism is paved with good intentions.
- 4A free price system is essential for efficient allocation of resources.
- 5Socialism and fascism, despite appearing opposite, share the same authoritarian roots.
F.A. Hayek
Friedrich August von Hayek (1899–1992) was an Austrian-British economist and philosopher who is best known for his defense of classical liberalism. He shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal. Hayek is considered one of the most important economists of the 20th century and a leading intellectual of the Austrian School.