The Road to Serfdom

"The Road to Serfdom," written by economist Friedrich Hayek, argues that government control over the economy can lead to the loss of personal freedoms. Hayek contends that when a government plans and directs economic activity, it inevitably limits individual choices and fosters tyranny. He warns that even well-intentioned policies aimed at achieving social welfare can result in authoritarianism. The book serves as a cautionary tale about the potential dangers of excessive state intervention and advocates for a free-market economy to preserve democracy and individual liberty.