![Media Name: cato-journal-v27n3.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v27n3.jpg?itok=BUPyBZhs) 

# Fall 2007 

Vol. 27 No. 3 

Sitikantha Pattanaik on global economics, Douglas A. Houston on corruption and the economy, and more...

##### Articles 

#### [Global Imbalances, Tanking Dollar, and the IMF’s Surveillance over Exchange Rate Policies ](/cato-journal/fall-2007/global-imbalances-tanking-dollar-imfs-surveillance-over-exchange-rate)

By Sitikantha Pattanaik 

#### [Can Corruption Ever Improve an Economy? ](/cato-journal/fall-2007/can-corruption-ever-improve-economy)

By Douglas A. Houston 

#### [Economic Freedom, Corruption, and Growth ](/cato-journal/fall-2007/economic-freedom-corruption-growth)

By Mushfiq us Swaleheen and Dean Stansel 

#### [Government Behavior and Trust: The Case of China ](/cato-journal/fall-2007/government-behavior-trust-case-china)

By Peihong Yang 

#### [The Real Coase Theorems ](/cato-journal/fall-2007/real-coase-theorems)

By Glenn Fox 

#### [Potential Gains from Trade in Dirty Industries: Revisiting Lawrence Summers’ Memo ](/cato-journal/fall-2007/potential-gains-trade-dirty-industries-revisiting-lawrence-summers-memo)

By Jay Johnson, Gary Pecquet, and Leon Taylor 

#### [Economic Liberty and the Official Law Books in Colonial Massachusetts ](/cato-journal/fall-2007/economic-liberty-official-law-books-colonial-massachusetts)

By Charles Edward Smith 

#### [The Role of Fiscal and Political Institutions in Limiting the Size of State Government ](/cato-journal/fall-2007/role-fiscal-political-institutions-limiting-size-state-government)

By Robert Krol 

#### [Do Spillover Benefits Create A Market Inefficiency in K‑12 Public Education? ](/cato-journal/fall-2007/do-spillover-benefits-create-market-inefficiency-k-12-public-education)

By Kerry A. King 

#### [The Future of the U.S. Postal Service ](/cato-journal/fall-2007/future-us-postal-service)

By Robert Carbaugh 

##### Book Review 

##### [*The Age of Turbulence: Adventures in a New World* by Alan Greenspan](/cato-journal/fall-2007/age-turbulence-adventures-new-world-alan-greenspan)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

##### [*A Farewell to Alms: A Brief History of the World* by Gregory Clark](/cato-journal/fall-2007/farewell-alms-brief-history-world-gregory-clark)

By [Jason Kuznicki](https://www.cato.org/people/jason-kuznicki) 

##### [*Enemies of Intelligence: Knowledge and Power in American National Security* by Richard K. Betts](/cato-journal/fall-2007/enemies-intelligence-knowledge-power-american-national-security-richard-k)

By [Justin Logan](https://www.cato.org/people/justin-logan) 

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