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On the Rock: Hayek’s 1944 Proposals for the Gibraltar Economy

  • Chris Grocott
Chapter
Part of the Archival Insights into the Evolution of Economics book series (AIEE)

Abstract

This chapter examines Hayek’s 1944 visit to the British colony of Gibraltar and his subsequent proposals for how Gibraltar’s economy should be organized in the post-war era. Drawing upon hitherto underused materials from The National Archives in London and the Gibraltar Government Archives, we see how Hayek conceived that several of the themes of The Road to Serfdom, published in the same year, might be put into practice. However, Hayek’s ideas were rejected. They were too controversial—Hayek proposed using market forces to relocate Gibraltarians across the frontier into Spain—and they ran contrary to what was considered good colonial governance at the time which incorporated social welfare systems and economic planning, both of which Hayek, and his proposals, stood in opposition to.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.University of LeicesterLeicesterUK

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