In some ways, a 2012 symposium on “Dilemmas of State Debt” may seem a bit behind the news curve. At the end of 2010, municipal bond markets were in a deep funk. Analysts predicted that countless municipalities and perhaps one or more of the United States might default on their debt...

In its decades-long effort to assure the safety, efficacy, and security of medicines and other products, the Food and Drug Administration has struggled with issues of funding, proper associations with industry, and the balance between consumer choice and consumer protection. Today, these...

This article analyzes the differing perspectives that animate US and EU conceptions of privacy in the context of data protection. It begins by briefly reviewing the two continental approaches to data protection and then explains how the two approaches arise in a context of disparate cultural...

A growing body of research establishes that a regulator’s legitimacy is important to its ability to discharge its regulatory responsibilities, and that regulatory compliance can depend significantly on people’s perception of the legitimacy of the regulatory regime and the regulators within...

Confidence in the federal government of the United States has been very low in recent years. The reasons for the low regard with which American politicians and institutions are held is apparent from reading the front page of every major newspaper in America. The constant lies by politicians, the...

Confidence in the federal government of the United States has been very low in recent years. The reasons for the low regard with which American politicians and institutions are held is apparent from reading the front page of every major newspaper in America. The constant lies by politicians, the...

Confidence in the federal government of the United States has been very low in recent years. The reasons for the low regard with which American politicians and institutions are held is apparent from reading the front page of every major newspaper in America. The constant lies by politicians, the...

The World Bank began operations on June 25, 1946. Although it was established to finance European reconstruction after World War II, the bank today is a considerable force in the health, nutrition, and population (HNP) sector in developing countries. Indeed, it has evolved from having virtually...

The mini-revolution in 1994 that gave Republicans control of Congress for the first time in forty years, and which led to the enactment of the Unfunded Mandate Reform Act of 1995 (UMRA) as part of the Contract with America, was designed in part to revive some foundational constitutional...

The herding of expert opinions is often rationalized as the outcome of social learning. However, experts are typically individuals with career concerns. As a result, herding can also arise from the fear of opposing consensus opinion and the potential career consequences of being wrong. We...