The_Road_to_Serfdom The_Road_to_Serfdom

The Road to Serfdom - Definition and Overview

Related Words: Bondage, Control, Domination, Employ, Employment, Enslavement, Feudalism, Ministry, Peonage, Restraint

The Road to Serfdom is a book written by the economist Friedrich A. Hayek and originally published in 1944. The book is dedicated to "The socialists of all parties".

Hayek's central argument is that the goals and methods of socialism and economic planning lead to totalitarianism. Hayek states that countries such as the Soviet Union and Nazi Germany had already gone down the "road to serfdom", and that various democratic nations are being led down the same road.

Hayek discusses individualism, collectivism and economic control. The book examines the relationship between individual liberty and government authority, and argues that granting government control of the economy leads to disaster. One of the arguments regarding this is the Economic calculation problem.

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Example Usage of Serfdom

douglasbass: NYT proclaims Climaquiddick a mere speed bump on the Road to Serfdom
PrinceDarroux: Affy and Dominicans is based on Serfdom and communism and all that is needed to get to the so called heaven in the sky is to say two hail
Tommyzchick: ....Friedrich A. Hayek, "The Road To Serfdom" .Disturbing work about where we're headed http://en.wikipedia.org/wiki/The_Road_to_Serfdom
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