The Free Market Institute (FMI) at Texas Tech University serves as the administrative headquarters for the Mont Pelerin Society (MPS) to support the duties and responsibilities of MPS Treasurer and FMI Executive Director, Dr. Benjamin Powell.
The Mont Pelerin Society is composed of persons who continue to see the dangers to civilized society outlined in the Society's statement of aims. They have seen economic and political liberalism in the ascendant for a time since World War II in some countries but also its apparent decline in more recent times. Though not necessarily sharing a common interpretation, either of causes or consequences, they see danger in the expansion of government, not least in state welfare, in the power of trade unions and business monopoly, and in the continuing threat and reality of inflation.
Again without detailed agreements, the members see the Society as an effort to interpret in modern terms the fundamental principles of economic society as expressed by those classical economists, political scientists, and philosophers who have inspired many in Europe, America and throughout the Western World.
Among its members, The Mont Pelerin Society has had nine Nobel Prize winners in Economic Science, distinguished scholars in political science, philosophy, and history, internationally renowned intellectuals, philanthropists, intellectual entrepreneurs, policy makers, and policy analysts.