Jamal Awil

← The Road from Mont Pèlerin

According to Director, this even applied to large corporations that gained their size via. [fact]

Similarly, Director asserted that a corporation, in spite of its size or the level of concentration of its market, could not hinder free choice in the labor market or any other market. In fact, according to Director, the corporate form was ideal not only because it neither hindered nor promoted monopoly, but also because it approximated the impersonal ideal of the market. Director sanguinely opined that, as with monopoly, the competitive forces would control corporations and ensure they approximated the ideal of competition. According to Director, this even applied to large corporations that gained their size via vertical or horizontal merger.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1112