Even founding members clashed over whether wealth concentration claims were Marxist

Evidence

In 1949, Crane wrote an angry letter to Hayek about a paper by Frank Knight, “The Determination of Just Wages,” which Knight had written for the Society’s annual meeting. (Knight failed to attend the meeting, so it never was presented publicly.) The paper argued, among other things, that wealth was becoming progressively more concentrated in the United States, a point that Crane denounced as an idea “which stems from Karl Marx.” — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1452

Categorization

  • XREF: Frank Knight critiquing wealth concentration while a wealthy funder decried him as Marxist illustrates the internal heterogeneity of the early neoliberal network — connects to Mirowski’s argument that neoliberalism was never a unified doctrine.