"The Road to Serfdom" is a book written by economist Friedrich Hayek in 1944. It argues that government control over the economy leads to a loss of individual freedoms and ultimately results in totalitarianism. Hayek warns that even well-intentioned policies can pave the way for oppressive regimes. The book emphasizes the importance of free markets and limited government intervention. Hayek believes that economic planning undermines personal responsibility and choice, which are essential for a free society. His work has influenced debates on libertarianism, socialism, and the role of government in economic affairs.