![Media Name: Winter 2003.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/regulation/Winter%202003.jpg?itok=01pKnPRY) 

# Winter 2003 

Vol. 26 No. 4 

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##### From the Cover 

### [Politics and the Business Corporation ](/regulation/winter-2003/politics-business-corporation)

By Robert Sitkoff 

Do politicians want donations more than corporations want to give them?

##### Features 

#### [The New Farm Economy ](/regulation/winter-2003/new-farm-economy)

By Russell L. Lamb 

The agriculture industry has entered the 21st century; perhaps farm policy will do so as well.

#### [Following the Herd ](/regulation/winter-2003/following-herd)

By Pierre Lemieux 

Why do some ideas suddenly become popular, and then die out just as quickly?

#### [The Legacy of *U.S. v. Microsoft*](/regulation/winter-2003/legacy-us-v-microsoft)

By Timothy J. Brennan 

Do advances in economic theory lead to advances in legal practice?

#### [Regulation and the Marketplace ](/regulation/winter-2003/regulation-marketplace)

By Karim Jamal and Michael Maier 

Does government regulation offer any better protection to market participants than private assurance?

#### [Evaluating Transfer Regulations ](/regulation/winter-2003/evaluating-transfer-regulations)

By Eric A. Posner 

Routine use of cost-effectiveness analysis could dramatically improve transfer programs’ effectiveness while saving taxpayers’ money.

#### [Federalism and Regulation ](/regulation/winter-2003/federalism-regulation)

By Robert Hahn, Anne Layne-Farrar, and Peter Passell 

What sorts of regulation are best handled on the federal level?

##### Mercatus Reports 

##### [Conserving Water ](/regulation/winter-2003/conserving-water)

##### [An Ocean Czar? ](/regulation/winter-2003/ocean-czar)

##### [Peering at Regulatory Science ](/regulation/winter-2003/peering-regulatory-science)

##### [Regulation and Free Enterprise around the Globe ](/regulation/winter-2003/regulation-free-enterprise-around-globe)

##### [Commentary: The Endangered Species Act Turns 30 ](/regulation/winter-2003/commentary-endangered-species-act-turns-30)

By Daniel R. Simmons and Randy T. Simmons 

##### In Review 

##### [Book Review: *A Poverty of Reason: Sustainable Development and Economic Growth*](/regulation/winter-2003/book-review-poverty-reason-sustainable-development-economic-growth)

By [Richard L. Gordon](https://www.cato.org/people/richard-gordon) 

##### [Book Review: *Reconstructing Climate Policy: Beyond Kyoto*](/regulation/winter-2003/book-review-reconstructing-climate-policy-beyond-kyoto)

By S. Fred Singer 

##### [Book Review: *Are Children More Vulnerable to Environmental Chemicals?*](/regulation/winter-2003/book-review-are-children-more-vulnerable-environmental-chemicals)

By Angela Logomasini 

##### Final Word 

##### [Dubya’s Happy Message to Me ](/regulation/winter-2003/dubyas-happy-message-me)

By [Penn Jillette](https://www.cato.org/people/penn-jillette) 

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