(In 2002, the Cato Institute celebrated Bauer's influence by awarding him the second biannual Milton Friedman Prize for Advancing Liberty. Hernando de Soto, who served on the selection committee for the award in 2002, was the next recipient of the prize, in 2004.)

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1932