Vol. 32, No. 4, Winter 2009-2010

Cover Stories

Lessons from the Financial Crisis As long as some firms are considered too big to fail, those firms will take outsized risks. By John H. Cochrane (PDF, 321K)

A Middle Ground on Insider Trading Allowing price-decreasing insider trading could signal when equities are overvalued. By Thomas A. Lambert (PDF, 614K)

How Private Is Private Equity? Securities law hurts the private capital markets. By James C. Spindler (PDF, 410K)

Features

Property

Takings Law Made Hard A novel property rights challenge is a constitutional morass. By Richard A. Epstein (PDF, 749K )

Law

Federal Crime and the Destruction of Law Prosecutors' abuse of the
RICO and fraud statutes increasingly is threatening the nation's economy. By William L. Anderson (PDF, 609K )

Economic Theory

In Defense of Monopoly Market power fosters creative destruction. By Richard B. McKenzie (PDF, 212K )

Health & Medicine

Tontines for the Young Invincibles An idea from insurance history and behavioral economics could be used to entice low risks into the health insurance pool. By Tom Baker and Peter Siegelman (PDF, 3.1M)

Environment

The Clean Water Land Grab Congress should not expand federal regulation under the guise of "restoring" environmental protections. By Jonathan H. Adler (PDF, 254K)

Finance

Lessons from the Financial Crisis As long as some firms are considered too big to fail, those firms will take outsized risks. By John H. Cochrane (PDF, 321K)

How Private Is Private Equity? Securities law hurts the private capital markets. By James C. Spindler (PDF, 410K)

A Middle Ground on Insider Trading Allowing price-decreasing insider trading could signal when equities are overvalued. By Thomas A. Lambert (PDF, 614K)

---

For the Record

On Acetaminophen, by Henry I. Miller

---

In Review

The Ascent of Money, reviewed by Tim Stonesifer | Retaking Rationality, reviewed by Jonathan H. Adler | Taming the Beloved Beast, reviewed by David R. Henderson | Acting in Time on Energy Policy, reviewed by Richard L. Gordon | Offshoring of American Jobs, reviewed by David R. Henderson

Briefly Noted

Not the Time to Cap and Trade, by Jody Lipford and Bruce Yandle

Final Word

Going Canuck, by Marni Soupcoff

		Previous Issue |   Subscribe to Regulation