Vol. 26, No. 1, Spring 2003

Cover Story

Back Fire!

Paying to Keep the Peace Is military intervention abroad necessary to protect U.S. economic interests? by Eugene Gholz and Daryl G. Press (PDF, 348 Kb)

Features

Agriculture

The Benefits of Biotech As the world’s population grows, environmental stewardship will require science to find ways to produce more food on less land. by Gregory Conko (PDF, 328 Kb)

Securities & Exchange

The Creeping Federalization of Corporate Law The Sarbanes-Oxley Act extends Washington’s oversight of corporate governance practices but offers questionable benefits to investors. by Stephen M. Bainbridge (PDF, 340 Kb)

Self Regulation and Securities Markets Securities exchanges can police market abuses if government provides them the needed tools. by Adam C. Pritchard (PDF, 288 Kb)

Labor

Allowing the States to Innovate Does much-maligned, oft-reformed workers’ compensation offer a promising model for unemployment insurance restructuring? by Bill Conerly (PDF, 280 Kb)

Transportation

A Road Policy for the Future With the Interstate Highway System now almost complete, is it time for the federal government to remove itself from roadway funding? by Gabriel Roth (PDF, 255 Kb)

Energy

Mismeasuring Electricity Market Power By studying average variable costs, researchers examining the California energy crisis were sure to find examples of “market power” even if that power may not have really existed. by Timothy J. Brennan (PDF, 301 Kb)

Deregulation

Breathing Life into the Funeral Market Are state regulations impeding innovation and harming consumers in this very meaningful sector of the economy? by David E. Harrington (PDF, 323 kb)

Briefly Noted

Can a Libertarian Accept the ATSB? by Thomas A. Hemphill | Why Law School Costs so Much by George C. Leef (PDF, 284 Kb)

In Review

Power System Economics, Steven Stoft (PDF, 170 kb)

Final Word

One of the Things We’re Saying – Is Give Peace a Chance by Penn Jillette (PDF, 136 kb)