10 Best Economics Books of All Time Posted on December 31, 2016November 10, 2017 by TFE Times Prev4 of 10Next The Road to Serfdom The Road to Serfdom (German: Der Weg zur Knechtschaft) is a book written between 1940 and 1943 by Austrian British economist and philosopher Friedrich von Hayek, in which he “[warns] of the danger of tyranny that inevitably results from government control of economic decision-making through central planning.” He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual. Hayek challenged the general view among British academics that fascism (including National Socialism) was a capitalist reaction against socialism. He argued that fascism, National Socialism and socialism had common roots in central economic planning and empowering the state over the individual.
