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Mont Pelerin SocietyThe Mont Pelerin Society (MPS) is an international organization composed of economists, intellectuals, business leaders, and others who favour economic liberalism. The society advocates free market economic policies and the political values of an "open society." The Mont Pelerin Society was created on April 10, 1947 at a conference organized by Friedrich Hayek and convened at a Swiss mountain resort after which the society was named. History In 1947, 36 scholars, mostly economists, with some historians and philosophers, were invited by Professor Friedrich Hayek to meet at Mont Pelerin, Switzerland, and discuss the state, and possible fate of classical liberalism. Invitees included Henry Simons (who would later train Milton Friedman, a subsequent president of the society, at the University of Chicago), the American Fabian socialist Walter Lippman, philosopher of science Karl Popper, Austrian School economist Ludwig von Mises, Sir John Clapham (a senior official of the Bank of England who from 1940-46 was the president of the British Royal Society), Otto von Habsburg (heir to the Austrian royal dynasty), and Max von Thurn und Taxis (Bavaria-based head of the Thurn und Taxis family). The Mont Pelerin Society has continued to meet on a regular basis, usually in September. The current president of the Mont Pelerin Society is Victoria Curzon-Price. Influence Hayek stressed that the society was to be a scholarly community arguing against "collectivism", while not engaging in public relations or propaganda. However, the society has always been a focal point for the international capitalist think-tank movement: Hayek himself used it as a forum to encourage members such as Antony Fisher to pursue the think-tank route. Fisher went on the establish the Institute of Economic Affairs (IEA) in London during 1971, the Heritage Foundation in Washington, D.C. during 1973, and the Atlas Economic Research Foundation in 1981. In turn the Atlas Foundation supports a wide network of think-tanks, including the Fraser Institute and the Manhattan Institute for Public Policy Research. Prominent MPS members who have advanced to policy positions include Chancellor Ludwig Erhard of West Germany, President Luigi Einaudi of Italy, Chairman Arthur Burns of the U.S. Federal Reserve Board, and President Vclav Klaus of the Czech Republic. Eight MPS members, including F. A. Hayek, Milton Friedman, and George Stigler, won Nobel prizes in economics. Of 76 economic advisers on Ronald Reagan's 1980 campaign staff, 22 were MPS members. External links
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