Director sought research grounded in empirical analysis and devoted to investigation of the facts underlying economic policy. A palpable corollary of such an analysis would be the facilitation of the development of a more robust liberal policy. Although the FMS could have pursued numerous research avenues, after the first couple of meetings, it quickly narrowed its focus to issues concerning monopoly and corporations. This suggested the FMS members' desire to respond to the left's understanding of monopoly.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1099