Chicago school of economics
In 1953, Director became the head of a new study called the Antitrust Project which aimed to restructure American antitrust law. The project coincided with the period in which Director broke from traditional conservative ideas and fused them with the elitism of Veblen and Mencken. He argued that private monopolies only emerged as a result of government action, without which, they would cease to be a problem. This shift helped turn the focus of the Chicago school of economics towards rebuilding corporate power.