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# Fall 2003 

Vol. 23 No. 2 

Foreign Aid, Freedom, and Growth

##### Articles 

#### [Aid, Policies, and Growth: Bauer Was Right ](/cato-journal/fall-2003/aid-policies-growth-bauer-was-right)

By Harold J. Brumm 

#### [The Failure of Development Aid ](/cato-journal/fall-2003/failure-development-aid)

By Tomi Ovaska 

#### [The Contribution of Economic Freedom to World Economic Growth: 1980–99 ](/cato-journal/fall-2003/contribution-economic-freedom-world-economic-growth-1980-99)

By Julio H. Cole 

#### [Economic Growth and Freedom: A Causality Study ](/cato-journal/fall-2003/economic-growth-freedom-causality-study)

By Manuel Vega-Gordillo and José L. Álvarez-Arce 

#### [Entrenching Economic Freedom in Africa ](/cato-journal/fall-2003/entrenching-economic-freedom-africa)

By John Mukum Mbaku 

#### [Explaining Botswana’s Success: The Critical Role of Post-Colonial Policy ](/cato-journal/fall-2003/explaining-botswanas-success-critical-role-post-colonial-policy)

By Scott A. Beaulier 

#### [F. A. Hayek and the Common Law ](/cato-journal/fall-2003/f-hayek-common-law)

By [Ronald Hamowy](https://www.cato.org/people/ronald-hamowy) 

#### [Deposit Insurance and Banking Crises in the Short and Long Run ](/cato-journal/fall-2003/deposit-insurance-banking-crises-short-long-run)

By Kam Hon Chu 

#### [A Simple Solution to China’s Pension Crisis ](/cato-journal/fall-2003/simple-solution-chinas-pension-crisis)

By David D. Li and Ling Li 

#### [Replacing the Corporate Income Tax with a Cash-Flow Tax ](/cato-journal/fall-2003/replacing-corporate-income-tax-cash-flow-tax)

By [Chris Edwards](https://www.cato.org/people/chris-edwards) 

#### [Meltzer’s History of the Federal Reserve and the Evolution of Central Banking ](/cato-journal/fall-2003/meltzers-history-federal-reserve-evolution-central-banking)

By [Richard H. Timberlake Jr.](https://www.cato.org/people/richard-timberlake) 

##### Book Review 

##### [*The New Financial Order: Risk in the 21st Century* by Robert J. Shiller](/cato-journal/fall-2003/new-financial-order-risk-21st-century-robert-j-shiller)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) 

##### [*Saving Capitalism from the Capitalists: Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity* by Raghuram G. Rajan and Luigi Zingales](/cato-journal/fall-2003/saving-capitalism-capitalists-unleashing-power-financial-markets-create)

By [Brink Lindsey](https://www.cato.org/people/brink-lindsey) 

##### [*Foundations of Entrepreneurship and Economic Development* by David A. Harper](/cato-journal/fall-2003/foundations-entrepreneurship-economic-development-david-harper)

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