From the Cover

Financial Firm Bankruptcy and Systemic Risk

Conventional wisdom overstates the risk of contagion and the
chaos of bankruptcy.

Features

Regulatory Reform

Lessons Learned, Challenges Ahead

Is there a constituency for OIRA?

Product Safety

Do Auto Recalls Benefit the Public?

More attention should be given to improving the driver.

Property

Courts and the Patent System

Instead of legislation, Congress should let the courts continue to resolve the patent crisis.

Bankruptcy

Financial Firm Bankruptcy and Systemic Risk

Conventional wisdom overstates the risk of contagion and the
chaos of bankruptcy.

Health & Medicine

Making Hospitals Accountable

Hospital-level liability could revive the dormant deterrent
power of tort liability.

An Unsatisfying Change?

Canadians' satisfaction with their health care isn't much
different from uninsured Americans.

Is the CDC Blowing Smoke?

Recommended levels of anti-tobacco spending have little effect
on cigarette use.

For the Record