Why did I love this book?
This book was written during the height of World War II and published in 1944 by Friedrich von Hayek, one of the giants of 20th century economic and political thought. His book lays out in stark terms the key issues concerning the size and role of the state in a modern economy. As such, it was a major inspiration for my own book. I take some of his arguments seriously and show which ones are still relevant in the 21st century and which ones no longer are.
3 authors picked The Road to Serfdom as one of their favorite books, and they share why you should read it.
An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, "The Road to Serfdom" has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944 - when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program - "The Road to Serfdom" was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but…