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# Summer 2018 

Vol. 41 No. 2 

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##### From the Cover 

### [How Labor Regulation Harms Unskilled Workers ](/regulation/summer-2018/how-labor-regulation-harms-unskilled-workers)

By Warren Meyer 

As government expands regulation of employers, they will increasingly turn to fewer, higher-skilled workers and automation

### [Antitrust’s Unconventional Politics ](/regulation/summer-2018/antitrusts-unconventional-politics)

By Daniel A. Crane 

The ideological and political motivations for antitrust policy do not neatly fit the standard left/​right dichotomy.

### [Brain-Focused Economics: More Than Just Comparative Advantage ](/regulation/summer-2018/brain-focused-economics-more-just-comparative-advantage)

By Richard B. McKenzie 

Economists since Adam Smith have underestimated the welfare gains from free trade.

### [Cleaning Out the Statutory Junk ](/regulation/summer-2018/cleaning-out-statutory-junk)

By [David Schoenbrod](https://www.cato.org/people/david-schoenbrod) 

How can we push lawmakers to discard the legislative trash?

##### Features 

#### [Back to the Future of Arbitration ](/regulation/summer-2018/back-future-arbitration)

By Richard A. Booth 

Should businesses be so hostile to class actions?

#### [The Same Old Song ](/regulation/summer-2018/same-old-song)

By Thomas M. Lenard and Lawrence J. White 

Instead of yet another regulation-heavy music copyright law, Congress should change its tune and empower markets.

##### Briefly Noted 

##### [Can Your Neighborhood Bookie Compete with the Internet? ](/regulation/summer-2018/can-neighborhood-bookie-compete-internet)

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

##### [How’s Your Trade War Going? ](/regulation/summer-2018/hows-trade-war-going)

By Pierre Lemieux 

##### [Rent-Seekers Infiltrate Public Utility Regulation ](/regulation/summer-2018/rent-seekers-infiltrate-public-utility-regulation)

By Kenneth W. Costello 

##### [Can We Cut Government Spending? ](/regulation/summer-2018/can-we-cut-government-spending)

By Ryan Murphy 

##### [USDA Is Supposed to Regulate Animal Health, Not Animal Happiness ](/regulation/summer-2018/usda-supposed-regulate-animal-health-not-animal-happiness)

By Henry I. Miller and Jeff Stier 

##### [The New Perils of Data Localization Rules ](/regulation/summer-2018/new-perils-data-localization-rules)

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

##### In Review 

##### [The Wonder of Modern Life< ](/regulation/summer-2018/enlightenment-now)

By David R. Henderson 

##### [Financial Crisis, Blame, Reform (Repeat) ](/regulation/summer-2018/myth-independence)

By Vern McKinley 

##### [From the Republic of Letters to the Great Enrichment ](/regulation/summer-2018/culture-growth)

By Pierre Lemieux 

##### [Grim Tales of Small-Town America ](/regulation/summer-2018/left-behind)

By Dwight R. Lee 

##### [Manipulating the Levers of the Regulatory State? ](/regulation/summer-2018/pricing-lives)

By Sam Batkins 

##### [Shaping Markets ](/regulation/summer-2018/who-gets-what-why)

By Phil R. Murray 

##### [Corruption and Government ](/regulation/summer-2018/republic-virtue)

By George C. Leef 

##### [A Radical Restructuring and Redistribution of Wealth ](/regulation/summer-2018/radical-markets)

By David R. Henderson 

##### [A Captivating, Frustrating ‘Grand Bargain’? ](/regulation/summer-2018/vision-real-free-market-society)

By Art Carden 

##### [Government Fixation Is the Problem ](/regulation/summer-2018/tyranny-metrics)

By Pierre Lemieux 

##### [Working Papers ](/regulation/summer-2018/working-papers)

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

##### Final Word 

##### [Siding with the Nerds ](/regulation/summer-2018/siding-nerds)

By Tim Rowland 

##### Latest Issues 

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