The Road to Serfdom
Published 1944
By Friedrich A. Hayek
A seminal study of the rise of socialism in Europe, explaining how Germany was ahead of other countries and why Nazism (National Socialism) was able to take root there. Hayek looks at the root problems of Socialism as an economic and political system that depends on central planning to deliver equitable societies, a promise it never fulfills. Prefaced by Milton Friedman, Hayek’s book is considered one of the best 20th Century indictments of Socialism.