On behalf of all of my colleagues at the Cato Institute, I warmly congratulate Peruvian writer Mario Vargas Llosa for having won this year’s Nobel Prize in Literature. Mario has distinguished himself not only as one of the world’s greatest novelists, but also as Latin America’s most well-known classical liberal—a champion of democratic capitalism who has never been afraid of speaking truth to power. His essays and tireless activism have educated millions of people in Latin America and inspired new generations to cherish and cultivate a culture of liberty. His vision of a modern Latin America has also informed Cato’s work in the region and beyond. We are honored and grateful that Mario has long been a generous friend of Cato’s and look forward to continuing that friendship in pursuit of advancing the liberal principles we share.
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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