Vol. 34, No. 3, Fall 2011

Cover Stories

Mandatory Long-Term Compensation in the Banking System—and Beyond? “Reforms” of executive pay may not yield results much different from current practices. By James C. Spindler (PDF, 397K)

Obama, Ryan, and the Future of Regulatory Reform An “upstream” approach to reform would reassert congressional authority, saving jobs and lowering compliance costs. By Ike Brannon and Sam Batkins (PDF, 357K)

What Should We Do about Social Security Disability Appeals? Administrative law judges, overruling SSA rejections of disability claims, contribute heavily to federal spending. By Richard J. Pierce, Jr. (PDF, 357K)

Features

Environment

The Standard Environmental Narrative The Barnegat Bay saga exemplifies the politicization of environmental science. By William L. Anderson and Patrick Moffitt (PDF, 269K)

Energy

Dynamic Pricing and Its Discontents Empirical data show dynamic pricing of electricity would benefit consumers, including the poor. By Ahmad Faruqui and Jennifer Palmer (PDF, 1.1M)

Property

Balancing the 'Zoning Budget' Local governments need to consider the long-term effects of their land-use decisions. By Roderick J. Hills, Jr. and David Schleicher (PDF, 166K)

In Review

All the Devils Are Here: The Hidden History of the Financial Crisis, reviewed by David R. Henderson | Fair Trade Without the Froth: A Dispassionate Economic Analysis of Fair Trade, reviewed by George C. Leef | Accelerating Energy Innovation: Insights from Multiple Sectors, reviewed by Richard L. Gordon | The Oxford Handbook of Regulation, reviewed by Richard L. Gordon | Peddling Protectionism: Smoot-Hawley and the Great Depression, reviewed by David R. Henderson

Working Papers, reviewed by Peter Van Doren and Anna Chorniy

Briefly Noted

Regulatory Monsters, by Richard A. Williams and Sherzod Abdukadirov | Summer 2011: Hot Air in Washington, by Patrick J. Michaels | When Are Trading Programs Really Market-Like?, by Leonard Shabman

Final Word

Get the Lead Out (of Sight) by Tim Rowland