Quotation of the Day…

by Don Boudreaux on October 23, 2012

in Growth, Myths and Fallacies

… is from page 111 of the late Peter Bauer’s invaluable 1976 collection, Dissent on Development (Revised Edition); specifically, it’s from Bauer’s 1969 Scottish Journal of Political Economy essay whose title is the same as the book’s:

Nor is it true that a substantial infrastructure is a precondition of development….  The suggestion that ready-made infrastructure is necessary for development ignores the fact that the infrastructure develops in the course of economic progress, not ahead of it.  The suggestion is yet another example of an unhistorical and unrealistic attitude to the process of development.

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