As the FMS wound down in 1951, Hayek helped secure the funds for another law-school-based project, the Antitrust Project (1953–1957), with Director again at the helm and with Edward Levi—by then dean of the Law School—as second in command. Though it initially aimed to concentrate on the issue of monopoly, continuing where the FMS had left off, the Antitrust Project subsequently enlarged its focus to numerous areas of antitrust law. Nevertheless, it preserved the investigation of monopoly as a collateral but an important aim. This chapter documents the years of painstaking efforts of the Chicago neoliberals—as they would later be called—to reformulate the classical doctrine with respect to monopoly and corporations, and their deployment of these changes to help reinvigorate the liberal position toward antitrust issues.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1076