The Origins of the IEA - A Pivotal Moment, July 25th 1955
By John Blundell
In late June or early July 1955 the Batchworth Press Ltd, 54 Bloomsbury St, London WC1, published The Free Convertibility of Sterling by city journalist George Winder. It was published for "The Institute of Economic Affairs" and the introduction signed by Antony Fisher, Director, went as follows:
"The issue of whether Great Britain should return to the free convertibility of sterling or continue Exchange Control is rapidly becoming a live and vital political issue. As, in the long run, the people themselves have to decide this very important question it is extremely desirable that they make their decision with a knowledge of the facts and a full understanding of the economic and moral issues involved.
For this reason the Institute of Economic Affairs has asked George Winder, well known in the City of London for his articles in the Press on economic matters, to write this booklet. It is of special interest to business men, and of value to students, but it is also, of course, of vital concern to all those who are interested in their own freedom and the freedom of their country. If England is again to take up her position as the business centre of the world, it is to sound economic princip