The 1970 MPS conference thus marked the end of Schumpeterian essentialism and pessimism and a shift in focus to the conditions of economic freedom and entrepreneurship. Apart from delivering clarity about the need for lowering constraints on business transactions, the conference also marked the beginning of revisionism with regard to Schumpeter's innovation entrepreneurship and a new perspective on corporate management.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 290