Director and Levi’s 1956 antitrust article culminated both the FMS and the Antitrust Project.

Evidence

However, some other important neoliberal developments composed the argument of Director and Levi, and most of these developments were grounded in the major premises of the FMS. This suggests that Director and Levi’s 1956 article is the culmination of not just the Antitrust Project but also the FMS for the version of Chicago law and economics in the 1950s. Director and Levi’s interpretation of the industrial pattern on which they based their analysis dovetails with the FMS contributions of Warren Nutter and Fred Weston. Of course, this interpretation drove Director and Levi’s analysis, which led them to conclude that the economic principles of monopoly no longer applied to most firms of large size in the 1950s—creating a new problem of size for the courts—and implied that large corporations may approximate the impersonal ideal of the market and not threaten relative prices. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1148

Categorization

• XREF: Connects the FMS-derived empirical work of Nutter and Weston to Chicago’s legal anti-antitrust project — an internal genealogy of Mont Pèlerin offshoots that echoes the broader network history being assembled.