![Media Name: cato-journal-v10n3.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cato-journal/cato-journal-v10n3.jpg?itok=ZSmYX71j) 

# Winter 1991 

Vol. 10 No. 3 

James M. Buchanan on a European constitution, Clifford F. Thies on the first minimum wage laws, and more...

##### Articles 

#### [An American Perspective on Europe’s Constitutional Opportunity ](/cato-journal/winter-1991/american-perspective-europes-constitutional-opportunity)

By [James M. Buchanan](https://www.cato.org/people/james-buchanan) 

#### [Perestroika and Ruble Convertibility ](/cato-journal/winter-1991/perestroika-ruble-convertibility)

By Edgar L. Feige 

#### [Ruble Reform: A Lesson From Keynes ](/cato-journal/winter-1991/ruble-reform-lesson-keynes)

By [Steve H. Hanke](https://www.cato.org/people/steve-h-hanke) and Kurt Schuler 

#### [The Economics of Regulating Deception ](/cato-journal/winter-1991/economics-regulating-deception)

By Paul H. Rubin 

#### [The War on Drugs as Antitrust Regulation ](/cato-journal/winter-1991/war-drugs-antitrust-regulation)

By Gary M. Anderson and Robert Tollison 

#### [The First Minimum Wage Laws ](/cato-journal/winter-1991/first-minimum-wage-laws)

By Clifford F. Thies 

#### [The Development of Aggregate Economic Targeting ](/cato-journal/winter-1991/development-aggregate-economic-targeting)

By Scott Sumner 

#### [Options Clauses and Bank Suspension ](/cato-journal/winter-1991/options-clauses-bank-suspension)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) 

#### [Antitrust and Regulation: Chicago’s Contradictory Views ](/cato-journal/winter-1991/antitrust-regulation-chicagos-contradictory-views)

By Fred S. McChesney 

#### [Free Banking in Scotland: A Dissenting View ](/cato-journal/winter-1991/free-banking-scotland-dissenting-view)

By Larry J. Sechrest 

#### [Free Banking in Scotland: Reply to a Dissenting View ](/cato-journal/winter-1991/free-banking-scotland-reply-dissenting-view)

By [Lawrence H. White](https://www.cato.org/people/lawrence-white) 

#### [Working for Irving Fisher ](/cato-journal/winter-1991/working-irving-fisher)

By Hans Cohrssen 

#### [A Solution for the Tenure Problem ](/cato-journal/winter-1991/solution-tenure-problem)

By Julian L. Simon 

##### Book Review 

##### [*The Political Economy of Soviet Socialism: The Formative Years, 1918–1928* by Peter J. Boettke](/cato-journal/winter-1991/political-economy-soviet-socialism-formative-years-1918-1928-peter-j)

By Gertrude E. Schroeder 

##### [*The New Art of Centeral Banking* by M. L. Burstein](/cato-journal/winter-1991/new-art-centeral-banking-m-l-burstein)

By [Tyler Cowen](https://www.cato.org/people/tyler-cowen) 

##### [*The Rationale of Central Banking and the Free Banking* by Vera C. Lutz](/cato-journal/winter-1991/rationale-central-banking-free-banking-vera-c-lutz)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd) 

##### [*Unfathomed Knowledge, Unmeasured Wealth: On Universities and the Wealthe of Nations* by William Warren Bartley III](/cato-journal/winter-1991/unfathomed-knowledge-unmeasured-wealth-universities-wealthe-nations-william)

By Leslie Graves 

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