A 95-page abridged version was also published in 19. Ī 20-page version of the book was then published in the April 1945 issue of Reader's Digest, with a press run of several million copies. In 2007, the University of Chicago Press estimated that more than 350,000 copies had been sold.
But the initial printing run of 2,000 copies was quickly sold out, and 30,000 copies were sold within six months. The American publisher’s expectation was that the book would sell between 900 and 3,000 copies. The book was subsequently rejected by three publishers in the United States, and it was only after economist Aaron Director spoke to friends at the University of Chicago that the book was published in the U.S by the University of Chicago Press on September 18, 1944. The book was originally published for a British audience by Routledge Press in March 1944 in the United Kingdom.
Subject to much attention, the ideas advocated in The Road to Serfdom have been criticized and defended by many academics since the book was published. Initially written as a response to the report written by William Beveridge, the Liberal politician and dean of the London School of Economics where Hayek worked at the time, the book made a significant impact on 20th-century political discourse, especially American conservative and libertarian economic and political debate, being often cited today by commentators. He argued that fascism, Nazism and socialism had common roots in central economic planning and empowering the state over the individual. Hayek challenged the view, popular among British Marxists, that fascism (including Nazism) was a capitalist reaction against socialism. In the book, Hayek " of the danger of tyranny that inevitably results from government control of economic decision-making through central planning." He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual. The Road to Serfdom was to be the popular edition of the second volume of Hayek's treatise entitled "The Abuse and Decline of Reason", and the title was inspired by the writings of the 19th century French classical liberal thinker Alexis de Tocqueville on the "road to servitude". At the arrangement of editor Max Eastman, the American magazine Reader's Digest published an abridged version in April 1945, enabling The Road to Serfdom to reach a wider non-academic audience. It was published in the United States by the University of Chicago Press in September 1944 and achieved great popularity. The book was first published in Britain by Routledge in March 1944, during World War II, and was quite popular, leading Hayek to call it "that unobtainable book", also due in part to wartime paper rationing. It has been translated into more than 20 languages and sold over two million copies (as of 2010). Since its publication in 1944, The Road to Serfdom has been popular among liberal (especially classical) and conservative thinkers, and remains referenced in modern discourse.
The Road to Serfdom ( German: Der Weg zur Knechtschaft) is a book written between 19 by Austrian-British economist and philosopher Friedrich Hayek.
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