F.A. Hayekâs Road to Serfdom is a classic free market text, and remains a seminal warning of the way that authoritarianism grows from state involvement in the economy. Against the backdrop of 1930s tyrants like Hitler and Stalin, Hayek argued that government involvement in the economy, whether under fascism or socialism, leads to tyrannical rule and totalitarian governance.
This synthesis between free market economics and the political consequences of unfree markets helped make The Road to Serfdom one of the most important books in the libertarian economic canon.
Tags: Author Top 5, Larry Elder
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