The Revolution in Development Economics (signed by Peter Bauer)

Dorn, James & Hanke, Steve & Walters, Alan (eds)

ISBN 10: 1882577558 / ISBN 13: 9781882577552

Published by Cato Institute, Washington, 1998

About this Item

Hb, xv + 340pp. Signed and dated by Professor Peter Bauer on fep. VG in a Good(-) dj which has small tears and edgewear. " Essays in Honour of Peter Bauer" supporting his views that private ownership, free trade and limited government do more for the economies of under-developed countres than state-led development planning. Bauer also contributes several articles.

Seller Inventory # 050217

Bibliographic Details

• Title: The Revolution in Development Economics (signed by Peter Bauer)
• Publisher: Cato Institute, Washington
• Publication Date: 1998
• Language: English
• ISBN 10: 1882577558
• ISBN 13: 9781882577552
• Binding: Hardcover
• Condition: Very Good
• Dust Jacket Condition: Good
• Signed: Signed by Author(s)

About this title

Synopsis

For decades, development economists believed that central planning, not economic freedom, was the key to economic growth in developing countries. In 1956 Gunnar Myrdal, winner of the Nobel Prize in economics in 1974, wrote, "The special advisers to underdeveloped countries who have taken the time and trouble to acquaint themselves with the problem all recommend central planning as the first condition of progress." While the argument that socialism is the key to growth in the developing world appears obviously unreasonable today -- given the collapse of command-and-control economies around the globe -- it was, when Myrdal wrote, the academic consensus. Only a few economists doubted such arguments and proposed alternatives. Foremost among them was Peter Bauer, author of such classics as The Economics of Under-Developed Countries and Dissent on Development. This book contains 20 essays, many of which were originally published in the Cato Journal, and a foreword by Václav Klaus, former prime minister of the Czech Republic.