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

# Spring 2003 

Vol. 26 No. 1 

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##### From the Cover 

### [Paying to Keep the Peace ](/regulation/spring-2003/paying-keep-peace)

By [Eugene Gholz](https://www.cato.org/people/eugene-gholz) and Daryl G. Press 

Is military intervention abroad necessary to protect U.S. economic interests?

##### Features 

#### [The Benefits of Biotech ](/regulation/spring-2003/benefits-biotech)

By Gregory Conko 

As the world’s population grows, environmental stewardship will require science to find ways to produce more food on less land.

#### [The Creeping Federalization of Corporate Law ](/regulation/spring-2003/creeping-federalization-corporate-law)

By Stephen M. Bainbridge 

The Sarbanes-Oxley Act extends Washington’s oversight of corporate governance practices but offers questionable benefits to investors.

#### [Self Regulation and Securities Markets ](/regulation/spring-2003/self-regulation-securities-markets)

By Adam C. Pritchard 

Securities exchanges can police market abuses if government provides them the needed tools.

#### [Allowing the States to Innovate ](/regulation/spring-2003/allowing-states-innovate)

By Bill Conerly 

Does much-maligned, oft-reformed workers’ compensation offer a promising model for unemployment insurance restructuring?

#### [A Road Policy for the Future ](/regulation/spring-2003/road-policy-future)

By Gabriel Roth 

With the Interstate Highway System now almost complete, is it time for the federal government to remove itself from roadway funding?

#### [Mismeasuring Electricity Market Power ](/regulation/spring-2003/mismeasuring-electricity-market-power)

By Timothy J. Brennan 

By studying average variable costs, researchers examining the California energy crisis were sure to find examples of “market power” even if that power may not have really existed.

#### [Breathing Life into the Funeral Market ](/regulation/spring-2003/breathing-life-funeral-market)

By David E. Harrington 

Are state regulations impeding innovation and harming consumers in this very meaningful sector of the economy?

##### Briefly Noted 

##### [Can a Libertarian Accept the ATSB? ](/regulation/spring-2003/can-libertarian-accept-atsb)

By Thomas A. Hemphill 

##### [Why Law School Costs so Much ](/regulation/spring-2003/why-law-school-costs-so-much)

By George C. Leef 

##### In Review 

##### [Book Review: *Power System Economics: Designing Markets for Electricity*](/regulation/spring-2003/book-review-power-system-economics-designing-markets-electricity)

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

##### Final Word 

##### [One of the Things We’re Saying — Is Give Peace a Chance ](/regulation/spring-2003/one-things-were-saying-give-peace-chance)

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

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