Peter T. Bauer (1915–2002) arguably was the most prominent development economist in the ranks of the MPS. Born in Hungary, Bauer came to Cambridge in the UK to study economics in the 1930s. On the basis of his fieldwork in Africa and Southeast Asia, he rejected the "dual economics" (Hirschman) perspective, and he vigorously opposed national planning and foreign aid. Bauer mainly taught at LSE until his death in 2002. Margaret Thatcher awarded Bauer the lordship in 1983 (on a recommendation by Bauer's fellow MPS member Sir Alan Walters (http://politics.guardian.co.uk/politicsobituaries/story/0,1441,710597,00.html). Between 1951 and 1990, Bauer contributed to nine MPS meetings (contributing eight papers and chairing a panel). Bauer eventually received the first Milton Friedman Prize of the CATO Institute, worth half a million U.S. dollars (www.cato.org/special/friedman/bauer/index.html, accessed April 10, 2005).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1362