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Features

Risk

Calculating the ‘Big Kill’ CDC estimates of smoking-related deaths do not add up. By Brad Rodu (PDF, 812K )

Health & Medicine

The Failure of U.S. Organ Procurement Policy “How many deaths will it take ‘til we know that too many people have died?” By T. Randolph Beard, John D. Jackson, and David L. Kaserman (PDF, 933K )

Defense

The Terrible ‘Ifs’ U.S. defense policymakers have adopted the precautionary principle. By Benjamin H. Friedman (PDF, 650K)

Corporate Governance

The Missing Link Between Insider Trading and Securities Fraud Stockholders always lose in a securities fraud class action. By Richard A. Booth (PDF, 502K)

Has the Pendulum Swung Too Far? Post-Enron responses to corporate crime have created a climate of fear for honest corporate officers. By Howard H. Chang and David S. Evans (PDF, 403K)

Property

Anti-Conservation Incentives The Endangered Species Act is endangering species. By Jonathan H. Adler (PDF, 500K)

The Property Rights Movement and Intellectual Property A response to Peter Menell. By Richard A. Epstein (PDF, 452K)

Intellectual Property and the Law of Land A reply to Richard Epstein. By Peter S. Menell (PDF, 276K)

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For the Record

Trading, Taxes, Regulation, or OPEC?, by Jim Johnston | Cap this Discussion, by S. Fred Singer | Markets and Global Warming, by Klaus Lackner and Richard Wilson

Mercatus Reports

Private Securities Exchanges, by Houman B. Shadab | Transparency, by Mark Adams and Jerry Brito
Commentary: Big Banks, Not Small Businesses, Benefit from the SBA, by Veronique de Rugy

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In Review

What Do Unions Do? — A Twenty-Year Perspective, reviewed by George C. Leef | Immigrants: Your Country Needs Them, reviewed by George C. Leef

Briefly Noted

Philadelphia Story, by Kay H. Jones | A Gene-Splicing Contrivance, by Henry I. Miller

Final Word

Water on the Brain, by Marni Soupcoff | A Regulatory Play in Two Acts, by Scott Wallsten.