Colloque Walter Lippmann

[2] At the meeting, the term neoliberalism was coined by German sociologist and economist Alexander Rüstow, referring to the rejection of the old laissez-faire liberalism.

The participants chose to set up an organization to promote liberalism which was called the Comité international d'étude pour le renouveau du libéralisme (CIERL).

Though CIERL had few consequences because of the war, it inspired Austrian-British economist and philosopher Friedrich Hayek in the postwar creation of the Mont Pelerin Society in Switzerland.

Michel Foucault's 1978–1979 Collège de France lectures, published a quarter of a century later as The Birth of Biopolitics, drew attention to the importance of the Walter Lippmann Colloquium.

[3] The participants were divided into two primary camps; one, represented by Ludwig von Mises, Jacques Rueff, and Étienne Mantoux, which advocated a strict adherence to Manchester liberalism and laissez-faire; the other camp, represented by Alexander Rüstow, Raymond Aron, Wilhelm Röpke, Auguste Detoeuf, Robert Marjolin, Friedrich Hayek, Louis Marlio, and Walter Lippmann, opted for a kind of social liberalism which was more favorable to state intervention and regulation.