Professor of Economics at the London School of Economics
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  • 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.

    Reference

    Bauer, Peter (1915-2002), by James A. Dorn, The Encyclopedia of Libertarianism, 15 Aug 2008
    Biographical essay
    "Peter Bauer was a central figure in the 20th-century debates over economic development, foreign aid, and the role of institutions. He made significant contributions to political economy and the relationship between economic freedom and prosperity. ... 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

    Born

    1915, Pieter Tamas Bauer, in Budapest, Hungary

    Died

    2 May 2002, in London

    Awards Received

    1994 Szasz Award for Outstanding Contributions to the Cause of Civil Liberties, granted 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, granted 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."

    Associations

    Mont Pelerin Society, Member

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