Volker Fund

The William Volker Fund was a mid-20th-century American philanthropic foundation that funded and promoted free-market and classical liberal (later neoliberal) thought, notably supporting figures like Friedrich Hayek and the Mont Pèlerin Society and helping establish the Chicago School of economics.

Claims that use this term

• Institutions like the Mont Pèlerin Society and Volker Fund shaped Friedman’s career cascade-like
• The Chicago School was founded by Simons and Hayek with Volker Fund money
• Volker Fund pushed neoliberal reformulation to serve corporate Cold War interests
• Volker Fund wanted an American Road to Serfdom pitched at near-literacy level
• Volker Fund controlled Hayek’s 1946 American lecture tour logistics and finances
• Capitalism and Freedom originated as a Volker Fund project delivered a decade late