No macroeconomic dimension of innovation was required to meet his threshold of abundant entrepreneurship, and the market process trumped market structure in what became a contingency theory of more or less restricted entrepreneurship. Following this shift, Mont Pèlerin members increasingly directed their attention to the wide range of restrictions on entrepreneurship. Instead of the traditional focus on the monopoly power of firms as an impediment to the market, the subtle move towards market practice enabled the shift of attention to state-related policy issues like taxation and regulation, and trade-union-related collective action, as the primary targets of critique.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 280