Peter Bauer (Lord Bauer) was an economist of considerable influence, particularly on the prevailing wisdom about the value of foreign aid ('government-to-government transfers', as he preferred to call it). Shortly before his death in May 2002, he received the prestigious first award of the...

La tentación de la burocracia por fijar precios de acuerdo a los costos marginales de largo plazo, a pesar de las implicancias de la teoría de la economía de bienestar de usar los costos marginales de corto plazo, nace aparentemente por tratar de evitar las oscilaciones de los precios en el...

Chapter 9 from Steve Hanke and Alan Walters' "Capital Markets and Development:" In developing countries, there is considerable debate about the desirability of moving away from a controlled economic order and toward a more liberal one. This debate represents a major change in thinking. Several...