Very much worth reading and not just to prove your right wing or libertarian bonafides.
I think the essence of good economic thinking is understanding unintended consequences and reading the road to serfdom is a great way to really think about unintended consequences. Basically that well-meaning policies that have a side effect of centralizing power tend to do more harm than good.
The single most interesting thing for me was the information theoretic, at least in style, exposition on how trying to centralize all economic decision making at the top of society simply can not work.
Also points out how essential economic freedom is to all other freedoms, for if all jobs come from the state, to disagree with it ... well, at the extreme, as two roommates from the PRC in 1988 explained it to me, the biggest change in their lifetimes was how getting on the wrong side of the local political committee was no longer an automatic death sentence through their refusing to issue you food ration coupons, it just meant you had to spend more money buying food on the free market.
Wikipedia entry is here, haven't reviewed it except to note it has links to condensed versions (Hayek was amazed at how well the Readers Digest did it) and citations of the published editions: https://en.wikipedia.org/wiki/The_Road_to_Serfdom
I think the essence of good economic thinking is understanding unintended consequences and reading the road to serfdom is a great way to really think about unintended consequences. Basically that well-meaning policies that have a side effect of centralizing power tend to do more harm than good.