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 the author "[warns] of the danger of
tyranny that inevitably results from government control of economic
decision-making through
central planning."
[1] 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.