The Road to Serfdom (1944) explains the potential of socialist systems to become totalitarian and why this was so significant after WWII. These blinks will show you how socialist planning can lead to a loss of freedom, individuality and democracy.
Friedrich August von Hayek (1899–1992) was an Austrian-born, British economist and a co-recipient of the Nobel Memorial Prize in Economics in 1974. He was a pioneer of monetary theory, a major proponent of classic liberalism and would later receive the Presidential Medal of Freedom in 1991.
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