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Title: Compromising liberty: Friedrich Hayek's The road to serfdom in practice
Authors: Grocott, Chris A.
First Published: 15-Jan-2015
Publisher: Taylor & Francis (Routledge)
Citation: Chris Grocott (2015): Compromising liberty: Friedrich Hayek's The road to serfdom in practice, Economy and Society
Abstract: This paper examines a rare and unstudied piece of consultancy work undertaken by Hayek, in 1944, for the British Colonial Office and for the Government of Gibraltar. Hayek’s subsequent reports suggested the reorganisation of the state-regulated Gibraltar housing market in line with free market principles, forcing the colony’s working class population to relocate into neighbouring Spain. However, rather than freeing Gibraltarians from the evils of state planning, as identified in The Road to Serfdom, published earlier in the year, this proposal would, rather, have delivered them into the dictatorship of General Franco. Not only was Franco’s regime brutal, but also it was one which practiced autarkic economic policies virtually identical to those which Hayek maligned in The Road to Serfdom. In sum, Hayek’s free market proposals would have benefited Gibraltar’s landlords at the expense of the liberty of the majority of the civilian population.
DOI Link: 10.1080/03085147.2014.909987
ISSN: 0308-5147
eISSN: 1469-5766
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Archived with reference to SHERPA/RoMEO and publisher website. This is an Accepted Manuscript of an article published by Taylor & Francis in Economy and Society on 2015-01-15, available online:
Appears in Collections:Published Articles, School of Management

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