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# Spring 2017 

Vol. 40 No. 1 

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##### From the Cover 

### [Regulation at 40 ](/regulation/spring-2017/regulation-40)

By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) and [Thomas A. Firey](https://www.cato.org/people/thomas-firey) 

The last four decades have seen landmark liberalization of U.S. regulatory policy, yet many promising reform ideas now languish and policymakers have backslid in some cases.

### [A More Optimistic View ](/regulation/spring-2017/more-optimistic-view)

By David R. Henderson 

The interactions of exchange, ideas, and individuals can lead to further deregulation.

### [Restraining the Regulatory State ](/regulation/spring-2017/restraining-regulatory-state)

By Robert W. Crandall 

A Regulatory Review Office could help Congress determine if new rules are benefiting the public.

##### Features 

#### [The War on Consumer Surplus ](/regulation/spring-2017/war-consumer-surplus)

By Pierre Lemieux 

To fight tobacco use, “prominent economists” have turned welfare economics on its head.

#### [The “Troubles” with Pharmacy Benefit Managers ](/regulation/spring-2017/troubles-pharmacy-benefit-managers)

By Thomas A. Hemphill 

If markets are competitive, there is little need to regulate PBM practices.

#### [Roam If You Want to? ](/regulation/spring-2017/roam-you-want)

By Jonathan Klick and Gideon Parchomovsky 

Some argue that property rights should not include the right to exclude interlopers.

#### [Label Nudges ](/regulation/spring-2017/label-nudges)

By Michael L. Marlow 

A connection between nutritional labeling and improved health is more hope than well-examined theory.

##### Briefly Noted 

##### [Trade as “Social Dumping” ](/regulation/spring-2017/trade-social-dumping)

By Pierre Lemieux 

##### [Regulatory Budgets ](/regulation/spring-2017/regulatory-budgets)

By Richard A. Williams 

##### [Obama’s Record-Setting “Midnight” ](/regulation/spring-2017/obamas-record-setting-midnight)

By Sam Batkins and [Ike Brannon](https://www.cato.org/people/ike-brannon) 

##### [Improving Regulatory Impact Analysis ](/regulation/spring-2017/improving-regulatory-impact-analysis)

By Keith B. Belton 

##### In Review 

##### [Is There Value in Revisiting the Lehman Collapse? ](/regulation/spring-2017/there-value-revisiting-lehman-collapse)

By Vern McKinley 

##### [Charting the Genesis of Regulatory Excess ](/regulation/spring-2017/charting-genesis-regulatory-excess)

By Sam Batkins 

##### [Tyler Cowen, Semi-Persuasive Futurist ](/regulation/spring-2017/tyler-cowen-semi-persuasive-futurist)

By David R. Henderson 

##### [Power to the Knowers! ](/regulation/spring-2017/power-knowers)

By Pierre Lemieux 

##### [Who Will Nudge the Nudgers? ](/regulation/spring-2017/who-will-nudge-nudgers)

By Phil R. Murray 

##### [Smarter to Be Lucky ](/regulation/spring-2017/smarter-be-lucky)

By George C. Leef 

##### [The Restless Judge ](/regulation/spring-2017/restless-judge)

By David R. Henderson 

##### [Working Papers ](/regulation/spring-2017/working-papers)

By [Peter Van Doren](https://www.cato.org/people/peter-van-doren) 

##### Final Word 

##### [Trump Takes ‘A Pause ’ ](/regulation/spring-2017/trump-takes-pause)

By Marni Soupcoff 

##### Latest Issues 

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