Peter Bauer (Lord Bauer) was an economist of considerable influence, particularly on the prevailing wisdom about the value of foreign aid ('government-to-government transfers', as he preferred to call it). Shortly before his death in May 2002, he received the first award of the prestigious Milton Friedman Prize for Advancing Liberty from the Cato Institute in Washington DC. The volume begins with a transcript of a conversation with Lord Bauer in which he speaks about his career, his interactions with other economists and his contributions to economic analysis. Following that, there is a speech given by John Blundell at the Friedman Prize award ceremony that came just after Lord Bauer's death. The final sections contain ten tributes to Lord Bauer, written by distinguished economists who knew him well, who appreciated his influence and who saw his work from different perspectives. They provide an appraisal of the life and work of a great economist who fundamentally affected the analysis of economic development.