![Media Name: cato-journal-v7n1.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v7n1.jpg?itok=FcoPo8wD) 

# Spring/​Summer 1987 

Vol. 7 No. 1 

Development Economics after 40 Years

##### Articles 

#### [Introduction: Development Economics After 40 Years ](/cato-journal/spring/summer-1987/introduction-development-economics-after-40-years)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Peter Bauer: Economist and Scholar ](/cato-journal/spring/summer-1987/peter-bauer-economist-scholar)

By Basil S. Yamey 

#### [The Disregard of Reality ](/cato-journal/spring/summer-1987/disregard-reality)

By Peter Bauer 

#### [Markets, Mandarins, and Mathematicians ](/cato-journal/spring/summer-1987/markets-mandarins-mathematicians)

By [Deepak Lal](https://www.cato.org/people/deepak-lal) 

#### [Comment on Markets, Mandarins, and Mathematicians ](/cato-journal/spring/summer-1987/comment-markets-mandarins-mathematicians)

By Alan Rufus Waters 

#### [Diseconomies of Scale and Development ](/cato-journal/spring/summer-1987/diseconomies-scale-development)

By Mancur Olson 

#### [Economic Growth and the Property Rights Regime ](/cato-journal/spring/summer-1987/economic-growth-property-rights-regime)

By Alan Rufus Waters 

#### [Comment on Economic Growth and the Property Rights Regime ](/cato-journal/spring/summer-1987/comment-economic-growth-property-rights-regime)

By Gabriel Roth 

#### [Taxation, Economic Growth, and Liberty ](/cato-journal/spring/summer-1987/taxation-economic-growth-liberty)

By [Alvin Rabushka](https://www.cato.org/people/alvin-rabushka) 

#### [Comment on Taxation, Economic Growth, and Liberty ](/cato-journal/spring/summer-1987/comment-taxation-economic-growth-liberty)

By Keith Marsden 

#### [Economic Inequality and the Quest for Social Justice ](/cato-journal/spring/summer-1987/economic-inequality-quest-social-justice)

By Karl Brunner 

#### [Population Growth, Economic Growth, and Foreign Aid ](/cato-journal/spring/summer-1987/population-growth-economic-growth-foreign-aid)

By Julian L. Simon 

#### [Comment on Population Growth, Economic Growth, and Foreign Aid ](/cato-journal/spring/summer-1987/comment-population-growth-economic-growth-foreign-aid)

By D. Gale Johnson 

#### [Economic Atrophy in Black Africa ](/cato-journal/spring/summer-1987/economic-atrophy-black-africa)

By George B. N. Ayittey 

#### [Comment on Economic Atrophy in Black Africa ](/cato-journal/spring/summer-1987/comment-economic-atrophy-black-africa)

By Peter Kilby 

#### [Third World Debt: Legacy of Development Experts ](/cato-journal/spring/summer-1987/third-world-debt-legacy-development-experts)

By Paul Craig Roberts 

#### [The Mischief of Moving Average Pricing ](/cato-journal/spring/summer-1987/mischief-moving-average-pricing)

By Alan Walters 

#### [The Rhetoric of Economic Development ](/cato-journal/spring/summer-1987/rhetoric-economic-development)

By Donald N. McCloskey 

#### [Are Teleological Rights Theories Utilitarian? ](/cato-journal/spring/summer-1987/are-teleological-rights-theories-utilitarian)

By [Tibor R. Machan](https://www.cato.org/people/tibor-machan) 

#### [On Leland Yeager’s Utilitarianism: A Comment ](/cato-journal/spring/summer-1987/leland-yeagers-utilitarianism-comment)

By Hartmut Kliemt 

#### [Reply to Professors Machan and Kliemt ](/cato-journal/spring/summer-1987/reply-professors-machan-kliemt)

By [Leland B. Yeager](https://www.cato.org/people/leland-yeager) 

#### [Durable Tax Reform ](/cato-journal/spring/summer-1987/durable-tax-reform)

By William F. Shughart II 

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