Vol. 32, No. 2, Summer 2009

Cover Story

Financial Firm Bankruptcy and Systemic Risk Conventional wisdom overstates the risk of contagion and the chaos of bankruptcy. By Jean Helwege (PDF, 181K )

Features

Regulatory Reform

Lessons Learned, Challenges Ahead Is there a constituency for OIRA? By Susan E. Dudley (PDF, 181K )

Product Safety

Do Auto Recalls Benefit the Public? More attention should be given to improving the driver. By Kevin M. McDonald (PDF, 871K )

Property

Courts and the Patent System Instead of legislation, Congress should let the courts continue to resolve the patent crisis. By Dan L. Burk and Mark A. Lemley (PDF, 226K )

Bankruptcy

Financial Firm Bankruptcy and Systemic Risk Conventional wisdom overstates the risk of contagion and the chaos of bankruptcy. By Jean Helwege (PDF, 181K)

Health & Medicine

Making Hospitals Accountable Hospital-level liability could revive the dormant deterrent power of tort liability. By Philip G. Peters, Jr. (PDF, 354K)

An Unsatisfying Change? Canadians’ satisfaction with their health care isn’t much different from uninsured Americans. By John R. Lott, Jr. (PDF, 314K)

Is the CDC Blowing Smoke? Recommended levels of anti-tobacco spending have little effect on cigarette use. By Michael L. Marlow (PDF, 231K)

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For the Record

The Latest on the 'Smart Road' Scam, by Jerry Werner

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In Review

The Case For Big Government, reviewed by David R. Henderson | "There Is No Alternative": Why Margaret Thatcher Matters, reviewed by Jeremy Lott | A Time To Speak: Selected Writings and Arguments, reviewed by Richard A. Epstein | Corporate Governance: Promises Kept, Promises Broken, reviewed by William A. Niskanen | Minimum Wages, reviewed by Walter E. Williams

Briefly Noted

Too Big to Fail, Read, Count, or Stop, by Adam Smith and Bruce Yandle

Final Word

Reining in Bad Actors, by Tim Rowland

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