Whereas the Mises Privatseminar provided fertile ground for the early attacks against the theoretical foundations of socialism, the critique of classical liberalism as the other face of neoliberalism was not yet apparent in the works of Ludwig von Mises and other Viennese colleagues; neoliberalism, therefore, truly was an offspring of the Great Depression.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 101