The Road to Serfdom by Friedrich A. Hayek
Friedrich A. Hayek wrote The Road to Serfdom in 1944 as a warning to Western democracies. At a time when both Nazi Germany and Stalin’s Soviet Union seemed powerful and well-organized, Hayek argued that the very planning and coordination that promised security and equality could, if taken far enough, undermine the individual freedom that democracy depends on. He set out to show that even modest extensions of state control over the economy carry within them the seeds of tyranny.
