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Professor of Economics at the London School of Economics
Peter Thomas Bauer

Peter Thomas Bauer, Baron Bauer, FBA (6 November 1915 – 2 May 2002) was a Hungarian-born British development economist. Bauer is best remembered for his opposition to the widely-held notion that the most effective manner to help developing countries advance is through state-controlled foreign aid.


Bauer, Peter (1915-2002), by James A. Dorn, The Encyclopedia of Libertarianism, 15 Aug 2008
Biographical and bibliographical essay
Peter Bauer was a central figure in the 20th-century debates over economic development, foreign aid, and the role of institutions ... His pioneering work in development economics, which began with his study of the Southeast Asian rubber industry in the 1940s and his classic 1954 book, West African Trade, led him to question and later overturn many of the beliefs held by mainstream development experts. His path-breaking work was primarily carried out while at the London School of Economics and Political Science, where he taught from 1960 to 1983.
Related Topics: Capital Goods, Free trade


1915, Péter Tamás Bauer, in Budapest, Hungary


2 May 2002, in London

Awards Received

1994 Szasz Award for Outstanding Contributions to the Cause of Civil Liberties, by Center for Independent Thought, Thomas S. Szasz Award for Outstanding Contributions to the Cause of Civil Liberties, 1994
2002 Milton Friedman Prize for Advancing Liberty, by Cato Institute, Milton Friedman Prize for Advancing Liberty, 9 May 2002
Professor Bauer was chosen for his pioneering work in the field of development economics, where he stood virtually alone for many years as a critic of state-led development policy with its emphasis on central planning and external foreign aid. From 1948 when The Rubber Industry was published to the publication in 2000 of From Subsistence to Exchange, Bauer wrote books that challenged the prevailing development orthodoxy, including the myth that poverty is self‐​perpetuating. Through a half century of scholarship, Bauer was an outspoken champion of global economic liberty.


Mont Pelerin Society, Member

The introductory paragraph uses material from the Wikipedia article "Peter Thomas Bauer" as of 1 May 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.