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Quotation of the Day…

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… is from page 95 of the late Peter Bauer’s essay “Black Africa: the Living Legacy of Dying Colonialism,” which is Chapter 6 in Bauer’s excellent 1984 book, Reality and Rhetoric: Studies in the Economics of Development: According to the perverse priorities of contemporary government, the creation of specific organizations and the expenditure of large sums of money can lead to recognition even if the money is clearly wasted, or activities run counter to their declared objectives or to acknowledged principles of policy. Conversely, achievement – even great achievement – goes unrecognized if it cannot readily be attributed to some specific action or to particular individuals.

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… is from page 95 of the late Peter Bauer’s essay “Black Africa: the Living Legacy of Dying Colonialism,” which is Chapter 6 in Bauer’s excellent 1984 book, Reality and Rhetoric: Studies in the Economics of Development:

Quotation of the Day…According to the perverse priorities of contemporary government, the creation of specific organizations and the expenditure of large sums of money can lead to recognition even if the money is clearly wasted, or activities run counter to their declared objectives or to acknowledged principles of policy. Conversely, achievement – even great achievement – goes unrecognized if it cannot readily be attributed to some specific action or to particular individuals.

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

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