![Media Name: cato-journal-v17n1.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v17n1.jpg?itok=lVYMrrvc) 

# Spring/​Summer 1997 

Vol. 17 No. 1 

Walter Williams on affirmative action, Enrique Ghersi on the informal economy in Latin America, and more...

##### Articles 

#### [Affirmative Action Can’t Be Mended ](/cato-journal/spring/summer-1997/affirmative-action-cant-be-mended)

By [Walter E. Williams](https://www.cato.org/people/walter-williams) 

#### [Deficits, Defense, and Income Redistribution ](/cato-journal/spring/summer-1997/deficits-defense-income-redistribution)

By Carlos Seiglie 

#### [The Role of Forecasting in Meeting Inflation Targets: The Case of New Zealand ](/cato-journal/spring/summer-1997/role-forecasting-meeting-inflation-targets-case-new-zealand)

By Gregory B. Christainsen 

#### [Mexican Monetary Lessons ](/cato-journal/spring/summer-1997/mexican-monetary-lessons)

By A. James Meigs 

#### [The Mexican Peso Crisis: Comment on Meigs ](/cato-journal/spring/summer-1997/mexican-peso-crisis-comment-meigs)

#### [Deposit Insurance Pricing: The Hidden Burden of Premium Rate Volatility ](/cato-journal/spring/summer-1997/deposit-insurance-pricing-hidden-burden-premium-rate-volatility)

By Sherrill Shaffer 

#### [A Regulatory Placebo? Or, the Strange Case of Dr. Kaufman and Mr. Seir ](/cato-journal/spring/summer-1997/regulatory-placebo-or-strange-case-dr-kaufman-mr-seir)

By [George Selgin](https://www.cato.org/people/george-selgin) 

#### [The Informal Economy in Latin America ](/cato-journal/spring/summer-1997/informal-economy-latin-america)

By [Enrique Ghersi](https://www.cato.org/people/enrique-ghersi) 

##### Book Review 

##### [*Reputation: Studies in the Voluntary* by Daniel B. Klein, ed.](/cato-journal/spring/summer-1997/reputation-studies-voluntary-daniel-b-klein-ed)

By Richard E. Messick 

##### [*Property Rights: Understanding Government Takings* by Nancie G. Marzulla and Roger J. Marzulla](/cato-journal/spring/summer-1997/property-rights-understanding-government-takings-nancie-g-marzulla)

By James V. DeLong 

##### [*Mere Creatures of the State? Education, Religion and the Courts: A View from the Courtroom* by William Bentley Ball](/cato-journal/spring/summer-1997/mere-creatures-state-education-religion-courts-view-courtroom-william)

By John Pickering 

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