From Subsistence to Exchange and Other Essays

From Subsistence to Exchange and Other Essays

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Peter Bauer, a pioneer of development economics, is an incisive thinker whose work continues to influence fields from political science to history to anthropology. As Nobel Laureate Amartya Sen writes in the introduction to this book, qthe originality, force, and extensive bearing of his writings have been quite astonishing.q This collection of Bauer's essays reveals the full power and range of his thought as well as the central concern that underlies so much of his diverse work: the impact of people's conduct, their cultural institutions, and the policies of their governments on economic progress. The papers here cover pressing and controversial issues, including the process that transforms a subsistence economy into an exchange economy, the reputed correlation between poverty and population density, the alleged responsibility of the West for Third World poverty, the often counterproductive results of foreign aid, and the effects of egalitarian policies on individual freedoms. Bauer addresses these and other matters with clarity, verve, and wit, combining his deep understanding of economic theory and methodology with keen insights into human nature. The book is a penetrating account of how to develop a prosperous economy alongside a free and fair society and a stimulating introduction to the work of a man who has done so much to shape our modern understanding of developing economies and of the relationship of economics to the other social sciences. qThis selection of essays will give readers a wonderful opportunity to learn about the rich world of cognizance and analysis erected by one of the great architects of political economy. I feel privileged to be able to offer this letter of invitation.q--From the introduction by Amartya Sen, Nobel Laureate in economicsCOMPREHENSIVE ECONOMIC PLANNING: SHENOYa#39;S DISSENT I had never heard of Shenoy until I read the literature ... then had a panel of some twenty economists who in April 1955 submitted to the government the draft for an ambitious development plan. This draft in turn drew heavily on a draft plan entitled Draft Plan Frame by Professor P. C. Mahalanobis, Nehrua#39;s personal economic adviser.

Title:From Subsistence to Exchange and Other Essays
Author: Peter Tamas Bauer
Publisher:Princeton University Press - 2009-01-10

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