Vol. 26, No. 4, Winter 2003

Cover Story

Campaign Finance: Who's Twisting Whose Arm

Politics and the Business CorporationDo politicians want donations more than corporations want to give them? by Robert H. Sitkoff (PDF, 473 Kb)

Features

Agriculture

The New Farm Economy The agriculture industry has entered the 21st century; perhaps farm policy will do so as well. by Russell L. Lamb (PDF, 418 Kb)

Theory

Following the Herd Why do some ideas suddenly become popular, and then die out just as quickly? by Pierre Lemieux (PDF, 422 Kb)

Antitrust

The Legacy of U.S. v. Microsoft Do advances in economic theory lead to advances in legal practice? by Tim Brennan (PDF, 489 Kb)

Economic Reform

Regulation and the Marketplace Does government regulation offer any better protection to market participants than private assurance? by Karim Jamal, Michael Maier, and Shyam Sunder (PDF, 413 Kb)

Evaluating Transfer Regulations Routine use of cost-effectiveness analysis could dramatically improve transfer programs’ effectiveness while saving taxpayers’ money. by Eric A. Posner (PDF, 235 Kb)

Federalism and Regulation What sorts of regulation are best handled on the federal level? by Robert W. Hahn, Anne Layne-Farrar, and Peter Passell (PDF, 244 Kb)

Mercatus Reports

Conserving Water | An Ocean Czar? | Peering at Regulatory Science | Regulation and Free Enterprise around the Globe (PDF, 174 Kb) Commentary: The Endangered Species Act Turns 30 (PDF, 206 Kb)

In Review

A Poverty of Reason, by Wilfred Beckerman | Reconstructing Climate Policy, by Richard B. Stewart and Jonathan B. Wiener | Are Children More Vulnerable to Environmental Chemicals?, edited by Daland R. Juberg (PDF, 233 kb)

Final Word

Dubya's Happy Message to Me by Penn Jillette (PDF, 156 kb)