Paperback
- ISBN-10
- 8171886655
- ISBN-13
- 978-8171886654
Eds. James A. Dorn, Barun S. Mitra
A collection of essays that explores the contribution of the development economist Peter Bauer.
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.
The opening chapter notes that at long last the following principles are finally becoming understood:
- Having capital is the result of successful economic performance, not a precondition for it.
- Economic performance depends on personal, cultural, and political factors; on people’s aptitudes, attitudes, motivations, and social and political institutions.
- The ability to borrow abroad does not depend of the level of income, but on responsible conduct and the capacity to use funds productively.
- Therefore, development aid is thus clearly not necessary to rescue poor societies from a vicious circle of poverty. Indeed, it is far more likely to keep them in that state.
Since “aid” infers that the strategy is helping, Bauer preferred the term government-to-government transfer.
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