75 years ago this month, Fredrick Hayek, the Austrian Economist recruited by the London School of Economics, published his manifesto for a free and liberal society: The Road to Serfdom.
The book – or some might say the clarion call to the perils of socialism – was written in the evenings between 1940 and 1943, while Hayek was acting as a war-time Cambridge fire warden.
Hayek and his publishers anticipated modest sales. Indeed, war-time paper rationing allowed it to be printed only in small runs. But the publication soon turned into a popular phenomenon.
On this podcast, the Institute for Economic Affairs’s Associate Director Kate Andrews discusses why The Road to Serfdom became such a huge success, and remains relevant to this day. Ms. Andrews is joined by the IEA’s Research Fellow Professor Philip Booth and the Director of the Adam Smith Institute, Dr Eamonn Butler.
About seven years ago, an artist made a series of cartoons to illustrate what the The Road to Serfdom is all about. You can look at them here.