Peter Bauer

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Peter Bauer (1915-2002) was a British economist and member of the House of Lords known for his opposition to state-controlled foreign aid, believing that was an inadequate means of assisting (and might on occasion damage) the receiver, and that it led to increased government control, corruption and inefficiency in recipient nations.

Bauer was born in Budapest, Hungary, and moved to England in 1934 to study economics at Cambridge University. After a short spell working in the commercial sector, he joined the teaching staff of the London School of Economics, retiring as Professor of Economics in 1983, when he was elevated to the House of Lords as a life peer. In 2002 Peter Bauer was the first recipient of the Milton Friedman Prize for Advancing Freedom, awarded by the CATO Institute.