“A monstrous anachronism”?

Peter T. Bauer’s┬áThe Rubber Industry: a Study in Competition and Monopoly (1948) (review: http://www.jstor.org/stable/2226882) is regarded by many historians of colonial economic history as a brilliant application of neoclassical theory to the realities of agricultural development in the tropics. Bauer demonstrated that smallholders in Malaysia were more efficient in producing rubber (Hevea brasiliensis) than largeContinue reading ““A monstrous anachronism”?”