Hayek funded successive Chicago projects targeting antitrust law and monopoly doctrine.

Evidence

As the FMS wound down in 1951, Hayek helped secure the funds for another law-school-based project, the Antitrust Project (1953–1957), with Director again at the helm and with Edward Levi—by then dean of the Law School—as second in command. Though it initially aimed to concentrate on the issue of monopoly, continuing where the FMS had left off, the Antitrust Project subsequently enlarged its focus to numerous areas of antitrust law. Nevertheless, it preserved the investigation of monopoly as a collateral but an important aim. This chapter documents the years of painstaking efforts of the Chicago neoliberals—as they would later be called—to reformulate the classical doctrine with respect to monopoly and corporations, and their deployment of these changes to help reinvigorate the liberal position toward antitrust issues. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1076

Categorization

  • XREF: Links to the milieu of funded law-and-economics research that elevated Chicagoans like Levi and Director; relevant to later antitrust scholarship debates. — connects to: Hayek’s American Road project was subordinate to a larger liberal movement — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 737; Hayek saw the Chicago project and Mont Pèlerin as one strategy — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 736; The Chicago Antitrust Project seeded figures who later shaped US jurisprudence — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1187

Broader Connections