, ▁and ▁holds ▁regular ▁lect ures . ▁ ▁History ▁In ▁ 1 9 4 5 , ▁Anton y ▁Fish er ▁read ▁a ▁summary ▁of ▁The ▁Road ▁to ▁Ser f dom ▁by ▁Friedrich ▁Hay ek . ▁Later ▁that ▁year , ▁Fish er ▁visited ▁Hay ek ▁at ▁the ▁London ▁School ▁of ▁Econom ics . ▁ ▁Hay ek ▁dis su aded ▁Fish er ▁from ▁emb ark ing ▁on ▁a ▁political ▁and ▁parliament ary ▁career ▁to ▁try ▁to ▁prevent ▁the ▁spread ▁of ▁social ism ▁and ▁central ▁planning . ▁Instead , ▁Hay ek ▁suggested ▁the ▁establishment ▁of ▁a ▁body ▁which ▁could ▁eng age ▁in ▁research ▁and ▁reach ▁the ▁intellect uals ▁with ▁reason ed ▁argument . ▁ ▁In ▁June ▁ 1 9 5 5 , ▁The ▁Free ▁Convert ibility ▁of ▁Ster ling ▁by ▁George ▁W inder ▁was ▁published , ▁with ▁Fish er ▁signing ▁the ▁for ew ord ▁as ▁Director ▁of ▁the ▁IE A . ▁In ▁November ▁ 1 9 5 5 , ▁the ▁IE A ' s ▁Original ▁Trust ▁De ed ▁was ▁signed ▁by ▁Fish er , ▁John ▁Hard ing ▁and ▁Oliver ▁S med ley . ▁Ralph ▁Harris ▁( l ater ▁Lord ▁Harris ) ▁began ▁work ▁as ▁part - time ▁General ▁Director ▁in ▁January ▁ 1 9 5 7 . ▁He ▁was ▁joined ▁in ▁ 1 9 5 8 ▁by ▁Arthur ▁S eld on ▁who ▁was ▁initially ▁appointed ▁Editor ial ▁Ad visor ▁and ▁became ▁the ▁Editor ial ▁Director ▁in ▁ 1 9 5 9 . ▁S med ley ▁wrote ▁to ▁Fish er ▁that ▁it ▁was ▁" imper ative ▁that