Vol. 32, No. 3, Fall 2009

Cover Story

Regulate OTC Derivatives by Deregulating Them Should derivatives be considered unenforceable gambling contracts? By Lynn A. Stout (PDF, 915K )

Features

Environment

America's New Fuel Economy Cartel National capitalism threatens the U.S. auto industry. By Bruce Yandle (PDF, 939K )

Budget & Taxes

Should Alcohol Taxes Be Raised? Alcohol tax rates have fallen by half over the past quarter-century. By Ian W.H. Parry (PDF, 1.1M )

Comment By Jeffrey A. Miron

Antitrust

Obama's Antitrust Agenda Can the new administration overcome the Chicago and Harvard schools' reservations? By Daniel A. Crane (PDF, 1.3M )

Bankruptcy & Finance

London as Delaware? Will London overtake New York as the world's financial center? By Adam C. Pritchard (PDF, 1.2M)

Regulate OTC Derivatives by Deregulating Them Should derivatives be considered unenforceable gambling contracts? By Lynn A. Stout (PDF, 915K)

Comment By Jean Helwege
Comment By Peter Wallison
Comment By Craig Pirrong
Response By Lynn A. Stout

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In Review

The Invisible Hook, reviewed by David R. Henderson | Two Billion Cars, reviewed by Gabriel Roth | Applied Economics, reviewed by George Leef | The Microsoft Case, reviewed by David R. Henderson | The Housing Boom and Bust, reviewed by Jeremy Lott | How the Chicago School Overshot the Mark, reviewed by Richard L. Gordon | Against Intellectual Monopoly, reviewed by George Leef

Briefly Noted

Pursuing Less Risky Smokes — At Last, by Gio Batta Gori

Final Word

Worse Than the Cure, by Jeremy Lott

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