Title page, Copyright, Dedication

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pp. i-vi

Contents

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pp. vii-viii

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Introduction, by Amartya Sen

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pp. ix-xiv

Peter Bauer is in a class of his own as an outstanding economist. The originality, force, and extensive bearing of his writings have been quite astonishing. He is a real pioneer of...

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I. From Subsistence to Exchange

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pp. 3-14

When economists discuss contemporary growth in advanced Western countries, they do not think of internal trade (i.e., wholesale and retail trade) as one of the engines of growth. And...

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II. Disregard of Reality

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pp. 15-27

According to Hegel, the Owl of Minerva spreads its wings only at dusk. The later stages of one’s career should be propitious for discerning tendencies and forces at work in society. Earlier preoccupations with...

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III. The Land and the People

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pp. 28-29

It is widely held that the most important cause of poverty lies in the relationship between land and people, that is, in scarcity of land or exploitation of cultivators. This is not...

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IV. Population Explosion: Disaster or Blessing

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pp. 30-40

The twenty-third General Population Conference of The International Union for the scientific study of population which met in Beijing in October 1997 focused on overpopulation as a serious threat to...

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V. Foreign Aid: Abiding Issues

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pp. 41-52

Foreign aid is demonstrably neither necessary nor sufficient to promote economic progress in the so-called Third World and is indeed much more likely to inhibit economic advance than it is to...

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VI. Western Guilt and Third World Poverty

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pp. 53-72

Yeats’s words might indeed have been written to describe the wide, even welcome, acceptance by the West of the accusation that it is responsible for the poverty of the Third World (i.e., most of Asia, Africa, and...

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VII. The Liberal Death Wish

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pp. 73-93

Liberals, Malcolm Bradbury wrote in Stepping Westward, are people who embrace their destroyers. Professor Mazrui’s 1979 Reith Lectures confirm this perceptive observation.1 Formerly at Makerere, Professor Mazrui is now professor of...

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VIII. Ecclesiastical Economics: Envy Legitimized

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pp. 94-108

Envy is traditionally one of the seven deadly sins. Vocal modern clerical opinion endows it with moral legitimacy and intellectual respectability. The results of this specious legitimization of envy are...

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IX. Hong Kong

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pp. 109-115

How would you rate the economic prospects of an Asian country which has very little land (and only eroded hillsides at that) and which is indeed the most densely populated country in the world; whose population has grown rapidly, both through...

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X. Effective Influence on Opinion: The Shenoy Memorial Lecture

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pp. 116-124

B. R. Shenoy was a hero and a saint. He was a hero in the sense in which Thomas Sowell used the term when in a review article he referred to heroic figures who publicly resisted fashionable fads and fancies, however influentially canvassed and widely...

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XI. Class on the Brain

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pp. 125-138

In the 1970s, when Herr Schmidt was the West German chancellor, he provided a terse summary of received opinion on the subject of class. He was on an official visit to London in December 1975 when the pound was...

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XII. Egalitarianism: A Delicate Dilemma

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pp. 139-148

The wide economic differences between people in an open and free society result from differences in aptitudes, motivations, and circumstances. State action to remove these economic differences entails such extensive coercion that...

Index

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pp. 149-155