From the Cover

The Terrible ‘Ifs’

U.S. defense policymakers have adopted the precautionary principle.



Calculating the ‘Big Kill’

CDC estimates of smoking-related deaths do not add up.

Health and Medicine

The Failure of U.S. Organ Procurement Policy

"How many deaths will it take 'til we know that too many people
have died?"

Corporate Governance

The Missing Link Between Insider Trading and Securities Fraud

Stockholders always lose in a securities fraud class action.

Has the Pendulum Swung Too Far?

Post-Enron responses to corporate crime have created a climate
of fear for honest corporate officers.


Anti‐​Conservation Incentives

The Endangered Species Act is endangering species.

Intellectual Property and the Law of Land

A reply to Richard Epstein.

Briefly Noted

Final Word