A classic work in political philosophy, intellectual history and economics, The Road to Serfdom has inspired and infuriated politicians and scholars for half a century. Originally published in 1944, it was seen as heretical for its passionate warning against the dangers of state control over the means of production. For Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy.
This new edition includes a foreword by series editor and leading Hayek scholar Bruce Caldwell explaining the book's origins and publishing history and assessing common misinterpretations of Hayek's thought. Caldwell has also standardized and corrected Hayek's references and added helpful new explanatory notes. Supplemented with an appendix of related materials and forewords to earlier editions by the likes of Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom will be the definitive version of Friedrich Hayek's enduring masterwork.
Introduction 1. The Abandoned Road 2. The Great Utopia 3. Individualism and Collectivism 4. The 'Inevitability' of Planning 5. Planning and Democracy 6. Planning and the Rule of Law 7. Economic Control and Totalitarianism 8. Who, Whom? 9. Security and Freedom 10. Why the Worst Get on Top 11. The End of Truth 12. The Socialist Roots of Naziism 13. The Totalitarians in our Midst 14. Material Conditions and Ideal Ends 15. The Prospects of International Order 16. Conclusion