The Road to Serfdom

F.A. Hayek's 1944 argument that central economic planning inevitably leads to totalitarianism — that the administrative apparatus needed to implement a planned economy requires concentrating power that will eventually be abused regardless of the planners' intentions.

Creates the argument that planning and liberty are incompatible — Hayek's argument (that economic planning requires the suppression of individual freedom even when well-intentioned, because implementing plans requires coercion against those who prefer different outcomes) became the foundational text of postwar economic liberalism.