Much controversy exists over whether F. A. Hayek posited an inevitability thesis – interventionist policy would supposedly mutate into full-blown command planning – in The Road to Serfdom. This paper argues that much of the confusion over Hayek’s alleged inevitability thesis is generated...

James Anderson was a contemporary of Adam Smith who is known primarily for having developed what subsequently came to be known as the Ricardian theory of rent. Anderson’s primary concern however was the economic development of Scotland and he had a say in the policy measures undertaken in the...