At the onset of the Cold War in 1944, Friedrich A. Hayek wrote his classic book The Road to Serfdom to warn that central planning threatens freedom.
Now Robert Skidelsky, author of an acclaimed biography of John Maynard Keynes, looks at the havoc central planning has wrought since then.
Despite the seeming chaos of the post-communist world, Skidelsky argues that the global failure and collapse of collectivism as a principle of social organization is one of the most hopeful events of the 20th century.
His book elegantly combines recent history and economics to make the case. Hayek would have loved it.