Leaving aside Williamson's hasty judgment on supply-side economics as a superseded fad, privatization, deregulation, and financial and trade liberalization must assuredly be counted as key "MPS doctrines." For example, consider the theoretical contributions from MPS members such as George Stigler and Richard Posner with regard to regulatory reform ("capture theory"), property rights theorists Armen Alchian and Harold Demsetz with regard to privatization and efficient property rights, and trade theorists Gottfried Haberler and Herbert Giersch with regard to globalization, among many others. Reform is equated not with gross downsizing of the government as much as it is with removing government from those areas where a different sort of discipline is prescribed.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 93