Vol. 25, No. 2, Summer 2002

Features

Introduction

Regulatory Change over the past Quarter-Century A Retrospective, by William A. Niskanen (PDF, 64 Kb)

Transportation

Moving Ahead The past three decades have seen remarkable deregulation of the airline, air freight, trucking, and rail industries. by Thomas Gale Moore (PDF, 543 Kb)

Banking & Finanace

Banking Approaches the Modern Era Though some oppressive Depression-era regulation has been removed, there is still need for reform of the U.S. banking industry. by Charles W. Calomiris (PDF, 331 Kb)

Telecommunications

A Somewhat Better Connection The past quarter-century was one of halting progress. by Robert W. Crandall (PDF, 308 Kb)

Securities & Investment

A Growing Market Rapid financial innovation over the past quarter-century is testing the traditional regulatory framework. by Craig Pirrong (PDF, 325 Kb)

Public Land

Western Myths and Realities As federal land management continues to flounder, more political leaders are calling for a transfer of public land control to the states. by Robert H. Nelson (PDF, 454 Kb)

Energy

Lessons Learned and Forgotten Following two decades of applying market forces to energy, the United States is returning to ominous government intervention. by Richard L. GOrdon (PDF, 289 Kb)

Health & Medicine

The Competitive Revolution Recent efforts to rationalize health care are now facing a political backlash. by H. E. Frech III (PDF, 274 Kb)

Insurance

Repairing Insurance Markets Despite some setbacks, insurance markets have become more competitive. by Scott E. Harrington (PDF, 263 Kb)

Housing

The Fall and Rise of Public Housing With some innovative changes, public housing is making a comeback. by Michael A. Stegman (PDF, 307 Kb)

For the Record

Arms and the Waterman | LEMs and Rents (PDF, 91 Kb)

Final Word

The War of the We Against the Me by P. J. O’Rourke (PDF, 97 kb)