“Our freedom of choice in a competitive society rests on the fact that, if one person refuses to satisfy our wishes, we can turn to another. But if we face a monopolist we are at his absolute mercy.” – F.A Hayek
There can be no denying the important role that F.A. Hayek’s The Road to Serfdom has played on the study of free-market economics. And while the book is responsible for swaying public opinion and presenting an alternative to centrally planned economies, the book was written in such a way that may be hard for many modern readers to comprehend. And many suspect that Hayek may have actually intended the book to be this way.