[![Media Name: v24n5-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/v24n5-cover.jpg?itok=f4EANAj5)](https://www.cato.org/sites/cato.org/files/serials/files/policy-report/2002/9/cpr-24n5.pdf) 

# September/​October 2002 

Vol. 24 No. 5 

[ 

Download PDF 

](https://www.cato.org/sites/cato.org/files/serials/files/policy-report/2002/9/cpr-24n5.pdf) 

##### From the Cover 

### [City of Angels,Valley of Rebels ](/policy-report/september/october-2002/city-angelsvalley-rebels)

By Samuel R. Staley 

##### Features 

#### [Niskanen on Corporate Reform ](/policy-report/september/october-2002/niskanen-corporate-reform)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

<em><a href=”/people/william-niskanen”>William A. Niskanen</a> is chairman emeritus of the Cato Institute, the contributing editor of </em><a href=“[http://​www​.ama​zon​.com/​d​p​/​0​7​4​2​5​4​4​3​3​8​/​?​t​a​g​=​c​a​t​o​i​n​s​t​i​t​u​te-20](http://www.amazon.com/dp/0742544338/?tag=catoinstitute-20)″ target=“\_blank”>After Enron: Lessons for Public Policy</a><em>, a former member and acting chairman of President Reagan’s Council of Economic Advisers, and a former chief economist of the Ford Motor Company.</em>

#### [Security and Freedom in a Free Society ](/policy-report/september/october-2002/security-freedom-free-society)

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