With F. A. "Baldy" Harper, Cornuelle helped found the Foundation for Economic Education in New York in 1946, and later became head of the William Volker Fund (where he hired Murray Rothbard as an academic consultant).
With Goodrich's aid, as well as financial aid from the William Volker Fund and from Harold Luhnow, Read and Hazlitt founded the Foundation for Economic Education in 1946, which, in turn, helped to inspire Friedrich Hayek to form the Mont Pelerin Society the following year.
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