How did the UK go from merchantilism, to the free

How did the UK go from merchantilism, to the free market ideas of Adam Smith, on to the managed economy of John Maynard Keynes, only to move back to the free market of Friedrich von Hayek?”

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How did the UK go from merchantilism, to the free market ideas of Adam Smith, on to the managed economy of John Maynard Keynes, only to move back to the free market of Friedrich von Hayek?”