Reality & Rhetoric - Studies in the Economics of Development (Cloth) - Tapa dura

One of the most distinguished development economists in the world, and undoubtedly the foremost conservative one.--Amartya Sen "New York Review of Books " A sophisticated satellite view of the worlds of economics and politics that will not be easy to refute. The author's faith in the capacity of individuals, linked together by prices in markets and by ballots in voting booths, to pro mote well-being deserves careful attention and debate.--Journal of Economic Literature As an economist of keen intellect and solid experience, Peter Bauer is more impressed with what works than with what ideologues say ought to work... For the sake of the much maligned American political economy as well as for the sake of the ever-present poor, this book deserves to be widely and wisely read.--World & World Peter Bauer is the world's foremost authority on economic development... In Reality and Rhetoric he destroys many popular myths about economic development and in the process convincingly demonstrates that static societies result wherever government pre-empts human action by monopolizing economic life... Drawing on rich historical knowledge and personal experience of West Africa and Asia, the author chronicles examples of rapid economic advance prior to the advent of marketing boards and other government intrusions... His scholarship is devastating, and it will leave sensitive readers with a sense of outrage at development economists whose ignorant meddling has devastated poor and struggling people.--Wall Street Journal

Reality and Rhetoric is the culmination of P. T. Bauer's observations and reflections on Third World economies over a period of thirty years. He critically examines the central issues of market versus centrally planned economies, industrial development, official direct and multinational resource transfers to the Third World, immigration policy in the Third World, and economic methodology. In addition, he has written a fascinating account of recent papal doctrine on income inequality and redistribution in the Third World. The major themes that emerge are the importance of noneconomic variables, particularly people's aptitudes and mores, to economic growth; the unfortunate results of some current methods of economics; the subtle but important effects of the exchange economy on development; and the politicization of economic life in the Third World. As in P. T. Bauer's previous writings, this book is marked by elegant prose, apt examples, a broad economic-historical perspective, and the masterful use of informal reasoning.