Its first and most famous chapter, "The Abandoned Road", discusses the failure of socialism in the modern world.  
The original introduction to this work described it as a "pamphlet" which the author wrote in his spare time.  Chapters in this seminal text include "The 'Inevitability' of Planning" and "Economic Control and Totalitarianism".  Towards the end, this work discusses the fall of Nazism and totalitarian regimes, and earlier extols the virtues of democracy, which promotes laissez-faire economic policy.  Its first and most famous chapter, "The Abandoned Road", discusses the failure of socialism in the modern world.  FTP, identify this most famous work of Friedrich von Hayek.
The original introduction to this work described it as a "pamphlet" which the author wrote in his spare time.  
The Road to Serfdom