In "The Road to Serfdom," economist F.A. Hayek warns of the dangers of centralized economic planning and the creeping loss of individual freedoms. As he traces the historical precedents of totalitarian regimes, he argues that the road to tyranny often begins with seemingly benign government intervention. Through compelling insights and rigorous analysis, Hayek challenges readers to consider the delicate balance between liberty and state control. Can society thrive without sacrificing personal autonomy? Discover the powerful implications of his arguments that resonate fiercely in today's political landscape.
By F.A. Hayek
Published: 1976
"Central planning, by its very nature, must lead to totalitarianism."
First Published in 1976. Routledge is an imprint of Taylor & Francis, an informa company.
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“Central planning, by its very nature, must lead to totalitarianism.”
The Road to Serfdom
By F.A. Hayek
Discover a world of knowledge through our extensive collection of book summaries.
Friedrich August von Hayek (1899-1992) was an influential Austrian-British economist and philosopher known for his contributions to classical liberalism and free-market capitalism. A prominent figure of the Austrian School of economics, he garnered widespread recognition for his work on the theory of prices and the business cycle, particularly in his seminal book, "The Road to Serfdom." Hayek was awarded the Nobel Prize in Economic Sciences in 1974 for his pioneering work on the interplay between economic and social order. His ideas have profoundly impacted political theory and economic policy, advocating for limited government intervention and individual liberty. Hayek's legacy continues to resonate in contemporary discussions on economic freedom and social responsibility.
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