In keeping with Simons, Director steadfastly believed that the liberal doctrine needed, above all else, to champion freedom by “promoting the dispersion of power necessary for competitive order” (pp. 77–78). Notably, Director observed that a substantial amount of monopoly power existed in the free enterprise system. To create a working competitive order, Director, like Simons, advocated state action on three fronts: (1) preventing private monopoly; (2) controlling combinations among workers and businesses; and (3) providing monetary stability.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1091