Theory

Hayek's 'The Road to Serfdom': Central Planning and Totalitarianism

In his book 'The Road to Serfdom,' composed during World War II, Friedrich Hayek argued that central economic planning, even if pursued with noble aims, would unavoidably culminate in a totalitarian government. His argument was formulated in a period when central planning was actively used by diverse governments, such as the fascist states of Germany and Japan, the Soviet communist regime, as well as the governments of the UK and the US.

0

1

Updated 2025-09-17

Contributors are:

Who are from:

Tags

Social Science

Empirical Science

Science

Economy

Economics

CORE Econ

Introduction to Microeconomics Course

The Economy 2.0 Microeconomics @ CORE Econ

Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ

Learn After