Beyond the personal contacts of ordoliberals with Hayek and later proponents of the Chicago School, Köhler and Kolev also stress the similarities in the research agendas concerning monetary policy in Freiburg and Chicago in the 1930s, particularly in the work of Eucken’s pupils Friedrich Lutz and Henry Simons, teacher of Milton Friedman and progenitor of the Chicago School of Economics. Eucken furthermore played a central role in the foundation of the MPS, as evidenced in the fact that Hayek delegated the right to propose German members for the MPS to Eucken.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 621