Seventy-five years ago, there occurred an important event in the post–World War II revival of free-market liberal ideas. Over the first ten days of April 1947, 39 people from Europe and the United States met in a hotel in Switzerland at a mountain place known as Mont Pelerin. They came together to discuss the future of economic, social, and political liberty in the face of the rise and growing influence of collectivist ideas, especially in the various forms of government central planning. …
