1940's Government and Politics | The Road to Serfdom

Nonfiction work

By: Friedrich A. Hayek

Date: 1944

Source: Hayek, Friedrich A. The Road to Serfdom: A Classic Warning Against the Dangers to Freedom Inherent in Social Planning. Reprint edition. Chicago: University of Chicago Press, 1976.

About the Author: Friedrich A. Hayek (1899–1992), an Austrian economist, served as the Took Professor of Economic Science and Statistics at the University of London from 1931 to 1950. In 1950, he became Professor of Social and Moral Science at the University of Chicago. He taught at the University of Freiburg, Germany, from 1962 to 1967. Hayek received the Nobel Prize in Economics in 1974.

Introduction

As the 1940s began, Keynesian economic theory was the primary guide of U.S. public policy. This theory took its name from its founder, English economist, journalist, and financier John Maynard Keynes. In his influential...