Director’s revised liberalism prescribed a state role in creating competition.

Evidence

Director supported the idea of a reconstituted liberal: “The theory of liberalism must be extended to include a prescription of the role of the state in making private enterprise the equivalent of competitive enterprise” (p. 77). However, in promoting these changes, Director was adhering to the classical liberalism of Simons. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1090

Categorization

  • XREF: This complicates the familiar story that Chicago School economics favored non-intervention; Director’s early 1947 position called for explicit state action. — connects to: Director’s antitrust position and its shift marked a key departure from klassical liberalism — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1114; Neoliberalism differs from laissez-faire liberalism by using state intervention to create competition; Director advocated state action against monopoly, combinations, and monetary instability. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1091

Broader Connections