Vol. 31, No. 3, Fall 2008

Cover Stories

The Looming Policy DisasterA sustained, critical look at climate change economics and science is long overdue. By Jason Scott Johnston. (PDF, 327K )

Global Warming: Correcting the DataSurface temperatures are rising, but probably not as quickly as is claimed. By Patrick J. Michaels. (PDF, 504K )

Features

Law

Legal Barriers to Innovation The bar's control over corporate legal markets is growing more costly. By Gillian K. Hadfield (PDF, 538K )

Securities and Exchange

Clearing Up Misconceptions on ClearingVertical integration of clearing and execution may produce considerable efficiency benefits. By Craig Pirrong (PDF, 237K)

Corporate Law

The Value of ’Cooling Off’ Do stakeholders worry when firms hire members of independent audit teams? By Brian Daugherty and Denise Dickens (PDF, 381K)

Real Estate

Big Yards or Green Space? Buying patterns suggest that homebuyers prefer their open space to be close to home. By Elizabeth Kopits, Virginia McConnell, and Margaret Walls. (PDF, 339K)

For the Record

Recasting Morriss's Bootleggers, by Josh Eagle | Property Rights Apologia, by Timothy Sandefur |

In Review

Why Popcorn Costs So Much at the Movies, reviewed by David R. Henderson | Prohibitions, reviewed by George C. Leef | The Best Book on the Market, reviewed by David R. Henderson | The Lawyer Myth, reviewed by George C. Leef |

Briefly Noted

The 'Smart Road' Scam, by Jerry Werner and Peter Samuel | The FCC's $19 Billion Baby, by Robert Hahn and Allan Ingraham | The Energy Bill's Theft, by Michael J. Lockerby | More Forbearance Please, by Andrew Perraut | OIRA at Midnight, by Jerry Brito and Patrick McLaughlin |

Final Word

Food Apartheid, by Marni Soupcoff |

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