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F. A. Hayek's timeless meditation on the relation between individual liberty and government authority, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. For Hayek, the collectivist idea of empowering government with increasing economic control would inevitably lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy. This anniversary edition commemorates the enduring influence of The Road to Serfdom on the ever-changing political and social climates of the twentieth century, from the rise of socialism after World War II to the Reagan and Thatcher "revolutions" in the 1980s and the transitions in Eastern Europe from communism to capitalism in the 1990s.
