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By Wanjiru Njoya
People are complex, social beings who may well forgo some of the advantages of economic growth for social stability, something Ludwig von Mises and Murray Rothbard understood.
Economic progress cannot be separated from cultural values in understanding the history of any society. This message was frequently emphasized by the great development economist Peter Bauer who studied economic progress in Africa extensively. Unlike many economists, Bauer noticed that economic progress called for tradeoffs with other values that African societies held dear. For example, he argued that if African societies placed no value on private property rights and wished instead to hold all property in common, that was their choice, and they should be free to make it. Economic progress in Africa was championed by Western governments and global institutions such as the World Bank, who attached no significance to African culture and had no concerns about destroying African village life.
Great observation.
Honestly, I don't even know how much the western economic development specialists even really care about what Africans think, or even their economic development.
They just want to claim success stories and metrics that would impress people back home, to add a feather to their cap.
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That reminds me, you wanted me to write up some of the great disasters in development econ. I've actually been pretty busy, but hopefully I can get on that soon.
@remindme in 1 week
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Looking forward to it
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Stupid remindme bot just reminded me.
Second attempt: @remindme in 7 days
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