![Media Name: cato-journal-v11n1.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v11n1.jpg?itok=qLSEwkzU) 

# Spring/​Sumer 1991 

Vol. 11 No. 1 

Gertrude E. Schroeder on Soviet economies, Jixuan Hu on failed experiments in socialist countries, and more...

##### Articles 

#### [Government Intervention in Health Care Markets and Health Care Outcomes: Some International Evidence ](/cato-journal/spring/sumer-1991/government-intervention-health-care-markets-health-care-outcomes-some)

By Rexford E. Santerre, Stephen G. Grubaugh, and Andrew J. Stollar 

#### [The Dismal Fate of Soviet-Type Economies: Mises Was Right ](/cato-journal/spring/sumer-1991/dismal-fate-soviet-type-economies-mises-was-right)

By Gertrude E. Schroeder 

#### [The Nondesignability of Living Systems: A Lesson from the Failed Experiments in Socialist Countries ](/cato-journal/spring/sumer-1991/nondesignability-living-systems-lesson-failed-experiments-socialist)

By Jixuan Hu 

#### [The First and Second Reich: The Taming of an Industrial-Policy Advocate ](/cato-journal/spring/sumer-1991/first-second-reich-taming-industrial-policy-advocate)

By Richard B. McKenzie 

#### [The Federal Reserve Chairman as Hero: Our Defense against Monetary Excesses? ](/cato-journal/spring/sumer-1991/federal-reserve-chairman-hero-our-defense-against-monetary-excesses)

By Thomas Havrilesky 

#### [Full Privatization of Currency in a Nearly Conventional Money and Banking System ](/cato-journal/spring/sumer-1991/full-privatization-currency-nearly-conventional-money-banking-system)

By W. William Woolsey 

#### [Welfare Gains from Innovation-Induced Rent Seeking ](/cato-journal/spring/sumer-1991/welfare-gains-innovation-induced-rent-seeking)

By Alden Abbott and Gordon Brady 

#### [Privateering and the Private Production of Naval Power ](/cato-journal/spring/sumer-1991/privateering-private-production-naval-power)

By Gary M. Anderson and Adam Gifford Jr. 

#### [Foreign Profits and the Political Economy of Quotas ](/cato-journal/spring/sumer-1991/foreign-profits-political-economy-quotas)

By Paul E. Godek 

#### [Property Rights and Rent Seeking in South Africa ](/cato-journal/spring/sumer-1991/property-rights-rent-seeking-south-africa)

By John Mukum Mbaku 

#### [Government v. Coase: The Case of Smoking ](/cato-journal/spring/sumer-1991/government-v-coase-case-smoking)

By Dwight R. Lee 

##### Book Review 

##### [*Public School Choice: Current Issues/​Future Prospects* by Myron Lieberman](/cato-journal/spring/sumer-1991/public-school-choice-current-issuesfuture-prospects-myron-lieberman)

By John E. Chubb 

##### [*The Political Economy of American Monetary Policy* by Thomas Mayer, ed.](/cato-journal/spring/sumer-1991/political-economy-american-monetary-policy-thomas-mayer-ed)

By Anna. J. Schwartz 

##### [*The Economics of Property Rights: Towards a Theory of Comparative Systems* by Svetozar Pejovich](/cato-journal/spring/sumer-1991/economics-property-rights-towards-theory-comparative-systems-svetozar)

##### [*Friedman in China* by Milton Friedman](/cato-journal/spring/sumer-1991/friedman-china-milton-friedman)

By Jeffrey Liang 

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