The Road to Serfdom
F. A. Hayek (1899-1992), co-winner of the Nobel Prize in Economics in 1974 and recipient of the Presidential Medal of Freedom in 1991, was a renowned advocate of classical liberalism and a pioneer in the field of monetary theory in the twentieth century. He held academic positions at Freiburg University, University of Chicago, University of Vienna, and University of London.
At Duke University, Bruce Caldwell is a research professor of economics and the center's director for the history of political economy. He is the general editor of the University of Chicago Press's Collected Works of F. A. Hayek series.
The Road to Serfdom, an unquestionable classic work in political philosophy, intellectual and cultural history, and economics, has influenced and incensed politicians, academics, and general readers for fifty years. The Road to Serfdom was considered heretical when it was first published in 1944, a time when Eleanor Roosevelt backed Stalin's agenda and Albert Einstein embraced socialism wholeheartedly. This was because of its passionate argument against the risks of state ownership of the means of production. According to F. A. Hayek, the collectivist idea of growing economic control over the government would not lead to a utopia but rather to the horrors of Nazi Germany and Fascist Italy.
The Road to Serfdom was released by the University of Chicago Press on September 18, 1944, and it immediately attracted a lot of attention. Within six months, more than 30,000 books had been sold, quickly exhausting the initial printing of 2,000 copies. A shorter form of the book was published by Reader's Digest in April 1945, and the Book-of-the-Month Club rapidly disseminated it to more than 600,000 people. The book has been a consistent best seller for years and has sold 400,000 copies in the United States alone. It has also been translated into more than twenty other languages, making it one of the most significant and influential novels of the century.
The Road to Serfdom now has its own spot in the collection known as The Collected Works of F. A. Hayek. The book's prologue, written by series editor and renowned Hayek researcher Bruce Caldwell, examines widespread misconceptions about Hayek's ideas as well as the book's origins and publishing history. Additionally, Caldwell has updated and improved Hayek's citations and provided new explanatory notes. This new edition of The Road to Serfdom will serve as the definitive edition of Hayek's enduring masterpiece. It is supplemented with an appendix of related materials that includes prepublication reports on the original manuscript and forewords to earlier editions written by John Chamberlain, Milton Friedman, and Hayek himself.
Author: F. A. Hayek
Link to buy: https://www.amazon.com/Road-Serfdom-Documents-Definitive-Collected/dp/0226320545/
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