In fact, Bauer anticipated many of the most celebrated themes in what Lal (1987) calls the “new political economy”; chief among these is a profound skepticism toward the state, frequently regarded as a self-interested bureaucracy inclined toward predatory behavior, and the argument that government intervention in market processes encourages rent-seeking dynamics that are inimical to productive economic activity and genuine development (Krueger 1974; Bhagwati 1982).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1773