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Winter 2003

Vol. 26 No. 4
From the Cover

The New Farm Economy

By Russell L. Lamb

The agriculture industry has entered the 21st century; perhaps farm policy will do so as well.

Following the Herd

By Pierre Lemieux

Why do some ideas suddenly become popular, and then die out just as quickly?

Regulation and the Marketplace

By Karim Jamal and Michael Maier

Does government regulation offer any better protection to market participants than private assurance?

Evaluating Transfer Regulations

By Eric A. Posner

Routine use of cost-effectiveness analysis could dramatically improve transfer programs’ effectiveness while saving taxpayers’ money.

Federalism and Regulation

By Robert Hahn, Anne Layne‐​Farrar, and Peter Passell

What sorts of regulation are best handled on the federal level?