From the Cover

Property

The Folly of “Smart Growth”

Oregon’s experience suggests “anti-sprawl” strategies worsen the problems they are intended to solve.

Features

Health & Medicine

The World Bank’s Tobacco Economics

Very creative welfare economics is being used to justify government intervention.

Antitrust

Clinton’s Brave New Business World

The Bush administration must decide whether to continue its predecessor’s efforts.

Telecommunications

Connecting the Pieces

Interconnection compensation rules are woefully out of date.

Special Report

The California Crisis

Getting Out of the Dark

Turning off the Lights