British neoliberalism was incubated outside academia by the Institute of Economic Affairs

Evidence

British neoliberalism therefore became a current of thinking nurtured outside the academy and was not taken very seriously within it. Most significant for the subsequent development of neoliberal thinking was the creation of the Institute of Economic Affairs (IEA) in 1955. The moving spirit behind this organization was Antony Fisher, an entrepreneur and strong believer in free markets who had first attended a meeting of the Mont Pèlerin Society in 1951 and who in 1954 gave a paper on “The British Farmer and the Government.” The work of the Institute was chiefly in the field of economic journalism, publishing pamphlets and seeking influence on public opinion, opinion formers, and politicians. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 419

Categorization

  • XREF: Connects to the wider MPS-network literature and to the ‘pipeline’ model showing how think tanks seeded Thatcherism. — connects to: Neoliberalism today operates through dispersed outer-ring institutions rather than a core membership — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 509; Neoliberalism triumphed through fringe think tanks, not academic economics — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 377; Chicken factory farming profits financed the founding of the Institute of Economic Affairs — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1990
  • DEFINE: Clarifies the IEA’s actual function: economic journalism and influence, not scholarly research.

Broader Connections