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An Introduction to Friedrich Hayek's The Road to Serfdom- A Macat Economics Analysis

Level: beginner
Macat, 2015
Perspective: Austrian Economics
Topic: markets
Format: Short Film
Duration: 00:03:09
Link: https://www.youtube.com/watch?v=ONATaFzi82I
The main idea of Friedrich Hayek's Road to Serfdom, which was published in 1944, is presented in the video. Hayek argues that control of the market by the state, in comparison to a free market economy, limits the freedom of individuals and leads to an oppressive society or even tyranny.

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