# Spring/​Summer 2011 

Vol. 31 No. 2 

Mark A. Zupan on the virtues of the free market; Jerome L. Stein on the debt crisis in Europe; Paul H. Rubin on markets, tort law, and regulation to achieve safety; and more...

##### Articles 

#### [The Virtues of Free Markets ](/cato-journal/spring/summer-2011/virtues-free-markets)

By Mark A. Zupan 

#### [The Diversity of Debt Crises in Europe ](/cato-journal/spring/summer-2011/diversity-debt-crises-europe)

By Jerome L. Stein 

#### [Markets, Tort Law, and Regulation to Achieve Safety ](/cato-journal/spring/summer-2011/markets-tort-law-regulation-achieve-safety)

By Paul H. Rubin 

#### [Economic Freedom and Happiness ](/cato-journal/spring/summer-2011/economic-freedom-happiness)

By Daniel M. Gropper, Robert A. Lawson, and Jere T. Thorne Jr. 

#### [The Impact of Ohio’s EdChoice on Traditional Public School Performance ](/cato-journal/spring/summer-2011/impact-ohios-edchoice-traditional-public-school-performance)

By Matthew Carr 

#### [Why Some Cities Are Growing and Others Shrinking ](/cato-journal/spring/summer-2011/why-some-cities-are-growing-others-shrinking)

By Dean Stansel 

#### [Gustav Cassel: In Defense of Private Property Rights ](/cato-journal/spring/summer-2011/gustav-cassel-defense-private-property-rights)

By Benny Carlson 

#### [Property Rights and Environmental Quality: A Cross-Country Study ](/cato-journal/spring/summer-2011/property-rights-environmental-quality-cross-country-study)

By Carrie B. Kerekes 

#### [Dollarization: The Case of Zimbabwe ](/cato-journal/spring/summer-2011/dollarization-case-zimbabwe)

By Joseph Noko 

#### [Why Do Federal Funds Trade at the FOMC’s Target Rate? ](/cato-journal/spring/summer-2011/why-do-federal-funds-trade-fomcs-target-rate)

By Jerry H. Tempelman 

#### [Suckers, Punters, Pathbreakers: When *Homo Oeconomicus* Is Selflessly Selfish ](/cato-journal/spring/summer-2011/suckers-punters-pathbreakers-when-homo-oeconomicus-selflessly-selfish)

By [Anthony de Jasay](https://www.cato.org/people/anthony-dejasay) 

##### Book Review 

##### [*Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System* by Kevin Dowd and Martin Hutchinson](/cato-journal/spring/summer-2011/alchemists-loss-how-modern-finance-government-intervention-crashed)

By Steven Horwitz 

##### [*Rendezvous with Destiny: Ronald Reagan and the Campaign that Changed America* by Craig Shirley](/cato-journal/spring/summer-2011/rendezvous-destiny-ronald-reagan-campaign-changed-america-craig)

By Victor Gold 

##### [*The Political Philosophy of George Washington* by Jeffry Morrison](/cato-journal/spring/summer-2011/political-philosophy-george-washington-jeffry-morrison)

By Joseph Romance 

##### [*Interpreting China’s Economy* by Gregory C. Chow](/cato-journal/spring/summer-2011/interpreting-chinas-economy-gregory-c-chow)

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

##### [*The Great Ocean Conveyor: Discovering the Trigger for Abrupt Climate Change* by Wallace S. Broecker](/cato-journal/spring/summer-2011/great-ocean-conveyor-discovering-trigger-abrupt-climate-change)

By [Patrick J. Michaels](https://www.cato.org/people/patrick-michaels) 

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