The Road to Serfdom

Methodology and Conclusions

In «The Road to Serfdom», Friedrich von Hayek employs historical and economic analysis to explore the consequences of centralized planning and government intervention in the economy. Hayek argues that attempts to establish economic equality through government regulation inevitably lead to the loss of individual freedom and totalitarianism. He draws on historical examples, including Nazi Germany and the Soviet Union, to show how good intentions to improve society through planning lead to the concentration of power and the suppression of personal freedoms. Hayek's main conclusion is that economic freedom is an integral part of political freedom, and only a market economy can ensure prosperity and personal liberty. Hayek warns that even a partial departure from free market principles can be the beginning of a path to authoritarianism.