Unfortunately, we do not know what Peter Bauer and Herbert Frankel as the most prominent development economists present at the conference had to say with regard to the deliberations in St. Moritz, but Bauer's later writing on colonialism shows the lasting impact of the MPS exercise in revisionism with regard to colonial history. Bauer is certain "that it is untrue that the west has caused the poverty of the underdeveloped world, whether through colonialism or otherwise." Instead he suggested that it was important "to identify groups and sections in both rich and poor Countries who stand to gain from acceptance of the idea of western responsibility for the poverty of underdeveloped countries, and to examine the reasons for their success in propagating this idea, especially in the west" (Bauer 1971, 148).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1308