From the Cover

Principal‐​Agent Theory and the Welfare State

By Mark Pennington
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Features

Rights, Powers, Dual Sovereignty, and Federalism

By Robert A. Levy
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Public Servants or CON Artists?

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Policy Forum: India Twenty Years after Reform

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The Exorbitant Costs of the War on Drugs

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Scholar Profile: Chris Edwards

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Cato Studies: “The Random Lottery of Educational Philanthropy”

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