From the Cover

Defense

The Defense Monopoly

By Harvey M. Sapolsky and Eugene Gholz
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Institutions and Processes

The Limits of Delegation: The Rise and Fall of BRAC

By Kenneth R. Mayer
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Features

Environment and Risk

Bootleggers and Baptists in Retrospect

By Bruce Yandle
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Banking and Credit

Legislating “Financial Modernization”: Is the Game Worth the Candle?

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Federal Deposit Insurance: Economic Efficiency or Politics?

By Nicholas Economides, R. Glenn Hubbard, and Darius Palia
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What’s Wrong with U.S. Personal Bankruptcy Law and How to Fix It

By Michelle J. White
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Health

State Strategies to Reduce the Growing Numbers of People without Health Insurance

By Frank A. Sloan, Christopher J. Conover, and Mark A. Hall
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For the Record

More on OSHA’s “E-Z Trial”

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Briefly Noted

Annals of the Administrative State: Is ATA a Rising or Setting Sun?

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In Review

The Thing! The Thing Itself

By Michael Munger
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A Report Card on Governmental Health and Safety Programs

By John D. Leeth
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The Wages of the “Cowboy Economy”: More Jobs and Greater Pay Inequality

By George E. Johnson
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Is It Justice or Redistribution?

By James T. Hamilton
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Common Sense in an Age of Nonsense

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