Peter Bauer and the Failure of Foreign Aid


Shleifer, Andrei. 2009. “Peter Bauer and the Failure of Foreign Aid.” Cato Journal 29 (3): 379-390.


Peter Bauer was one of the greatest development economists in liistory. He was an advocate of property rights protection and free trade before tliese ideas became commonplace. He appreciated before otliers did tlie crucial roles of entrepreneurship and trade in development. He was also one of the earliest opponents of the over- population tliesis, recognizing tliat tlie poor like tlie rich should have tlie right to choose the number of children tliey have, tliat many developing countries are underpopulated, and that population growtli will anyhow slow down once they become richer Bauer's writings are remarkable for tlieir deep humanity and commitment to tlie welfare of tlie people in die developing world, but without the fake sanctimony tliat characterizes much of die modem rhetoric.

Last updated on 07/25/2012