Life
Bauer was born as Péter Tamás Bauer in Budapest, Austria-Hungary in 1915. He studied Law in Budapest before embarking for England in 1934 to study Economics at Gonville and Caius College, Cambridge, from which he graduated in 1937. After a brief period in the private sector working for Guthrie & Co., a London-based merchant house that conducted business in the Far East, Bauer spent most of his career at the London School of Economics. Bauer started teaching there in 1960 and retired in 1983 as Emeritus Professor of Economics. In 1983, with the support of his friend and admirer Prime Minister Margaret Thatcher, he was made a life peer as Baron Bauer of Market Ward in the City of Cambridge. Lord Bauer was also a fellow of the British Academy and a member of the Mont Pelerin Society, which was founded by his friend Friedrich Hayek.
In 1978, Bauer received an Honorary Doctoral Degree at Universidad Francisco Marroquin for his contribution to economy.
He died in London, England on 2 May 2002.
Read more about this topic: Peter Thomas Bauer
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