CHRISTOPHER L. CULP, PhD, is an Adjunct Professor of Finance at the University of Chicago's Graduate School of Business, a Principal at CP Risk Management LLC and Chicago Partners LLC, and a Senior Fellow in Financial Regulation at the Competitive Enterprise Institute. He is the author of three other books, Risk Transfer, The ART of Risk Management, and The Risk Management Process, all published by Wiley, and co-editor (with Merton H. Miller) of Corporate Hedging in Theory and Practice from Risk Publications. He holds a BA in economics from The Johns Hopkins University and a PhD in finance from the University of Chicago's Graduate School of Business.
WILLIAM A. NISKANEN, PhD, has been chairman of the Cato Institute since 1985. Previously, he was acting chairman of President Reagan's Council of Economic Advisors. One of the most highly regarded microeconomists in the nation, Niskanen has taught economics at the University of California at Berkeley and Los Angeles. He has also served as director of economics at Ford Motor Company and as a defense analyst for the Pentagon, the RAND Corporation, and the Institute for Defense Analyses. He holds a BA from Harvard and a PhD in economics from the University of Chicago. Less