In the early twentieth century, L.A. purchased water rights by buying up farmland and conveying the water back to L.A. These purchases created a legacy of distrust and suspicion, as people began to view the trades as theft. Gary Libecap takes a second look at the L.A.-Owens Valley transfers.
Terry Anderson, Peter Hill
Change is in the air. After a century of growing national control, Americans are rethinking the role of the federal government vis-à-vis the states. This reconsideration has led to welfare reform and to a nationwide debate over education. Now it is beginning to focus on environmental policy, too.