ABOUT THE BOOK :
- Peter Bauer was an unlikely revolutionary, yet he inspired a revolution in development economics. In an environment dominated by a poverty of clear economic thought, Bauer built his theories of economic prosperity. He fought to free the poor from the tyranny of poverty. With the recent spread of anti-market, anti-trade, and anti-migration movements in many parts of the world, it is important that we take a fresh look at the way Bauer exposed the fallacies behind these protest movements. He showed them to be anti-poor and anti-people, and to be exacerbating global poverty. This volume is an attempt towards helping in introducing the ideas of Peter Bauer to a new generation of readers.
ABOUT THE EDITORS :
- James A. Dorn is Vice President for Academic Affairs at the Cato Institute and Editor of the Cato Journal. He is a China specialist and a regular contributor to Caijing (online), China’s leading business and finance magazine. His articles have also appeared in the Financial Times, Asian Wall Street Journal, South China Morning Post, and Australian Financial Review. He has taught at Fudan University in Shanghai and is currently Professor of Economics at Towson University in Maryland.
- Barun S. Mitra is the Director of Liberty Institute, an independent think tank based in New Delhi, which is engaged in public policy research and advocacy with the aim of promoting economic and political freedoms. He is an engineer by training, and writes on a wide range of developmental, economic, environmental and technological issues. He has been published in a number of national and international newspapers and journals. He received the Julian L. Simon Award for his contribution in explaining the role of market economics in harnessing human ingenuity and creativity, leading to improvement in economic well-being and environmental quality. He is a member of the Mont Pelerin Society.
Foreword
Acknowledgements
Editors/Contributors
Preface
Remembering Peter Bauer
— James A. Dorn
Peter T. Bauer: A Brief Biography
— Ralph Harris
Part 1 Development, Freedom and Prosperity
1. Reflection on Peter Bauer’s Contributions to Development Economics — Milton Friedman and Thomas Sowell 37
2. Peter Bauer: An Unusual Applied Economist
— Basil Yamey
3. How Does Development Happen?
— Amartya Sen
4. P.T. Bauer’s Market-Liberal Vision
— James A. Dorn
5. The Market, Yes; Demos, No
— James M. Buchanan
6. Human Attitudes and Economic Growth
— Israel M. Kirzner
Part 2 Migration, Foreign Aid and Poverty
7. Migration, Globalisation and the Spirit of Peter Bauer
— Daniel T. Griswold
8. A Voice for the Poor
— The Economist
9. A Titan Passes Away
— Swaminathan S. Anklesaria Aiyar
10. A True Friend of the World’s Poor
— Sauvik Chakraverti
11. Peter Bauer and the Third World
— Anthony Daniels
12. P.T. Bauer on the Population Question
— Nicholas Eberstadt
Part 3 Bauer on the Economics of Prosperity
13. Economic Control or Economic Development?
— P.T. Bauer
14. Indian Economy Policy and Development
— Peter T. Bauer
15. B.R. Shenoy: Stature and Impact
— Peter Bauer
16. The Disregard of Reality
— Peter Bauer
Index
CONTRIBUTORS:
- Swaminathan S. Anklesaria Aiyar is consulting editor of The Economic Times newspaper in India, and research fellow at the Cato Institute in Washington DC. He writes the popular weekly column ‘Swaminomics’ in the Sunday Times, India.
- Peter T. Bauer was Professor Emeritus of Economics at the London School of Economics, University of London, and a Fellow of the British Academy.
- James M. Buchanan is Distinguished Professor Emeritus of Economics at George Mason University and the 1986 recipient of the Alfred Nobel Memorial Prize in Economic Sciences
- Sauvik Chakraverti is the senior assistant editor of The Economic Times newspaper in Delhi.
- Anthony Daniels is a medical doctor and is the author of From Zanzibar to Timbuktu. He writes for The Spectator, as Theodore Dalrymple, and is a contributing editor of The City Journal of New York. This article is adapted from his dinner address at “A Conference in Tribute to Peter Bauer” hosted by the James Madison Program, Princeton University, May 7, 2004
- Nicholas Eberstadt is the Henry Wendt Scholar in Political Economy at the American Enterprise Institute. An earlier version of this article appeared in The Public Interest (Eber stadt 2005).
- Milton Friedman was a Senior Research Fellow at the Hoover Institution and the 1976 recipient of the Alfred Nobel Memorial Prize in Economic Sciences. Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution.
- Daniel T. Griswold is Associate Director of the Center for Trade Policy Studies at the Cato Institute in Washington and author of the recent Cato study, ‘Willing Workers: Fixing the Problem of Illegal Mexican Migration to the USA.’ He has authored numerous studies on international trade and globalisation.
- Ralph Harris was the founder president of the Institute of Economic Affairs, London. He was made a life peer as Baron Harris of High Cross, of Tottenham in the County of Greater London.
- Israel M. Kirzner is Professor Emeritus of Economics at New York University.
- Amartya Sen is Lamont University Professor and Professor of Economics and Philosophy at Harvard University, former Master of Trinity College, Cambridge, and the 1998 recipient of the Alfred Nobel Memorial Prize in Economic Sciences.
- Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution, Stanford University, USA. He has published over two dozen books, among them Basic Economics: A common sense guide to economics (Third edition, 2007), Conflict of Vision (Revised edition, 2007), Affirmative Action Around the World: An Empirical Study (2004), Conquests and Cultures: An International History (1998), and Ethnic America: A history (1981).
- Basil Yamey is Emeritus Professor of Economics at the London School of Economics and Political Science and a Fellow of the British Academy.
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