Stan J. Liebowitz is a Research Fellow at the Independent Institute and Ashbel Smith Professor of Economics and Director of the Center for the Analysis of Property Rights and Innovation at the University of Texas at Dallas. He received his Ph.D. in economics from the University of California at Los Angeles, and he has taught at the North Carolina State University, University of Chicago, University of Rochester, and the University of Western Ontario. Professor Liebowitz is the author (with Stephen Margolis) of the widely acclaimed book, Winners, Losers & Microsoft: Competition and Antitrust in High Technology, as well as the books and monographs, Re-thinking the Networked Economy, Why Health Care Costs Too Much, The Relative Efficiency of Private and Public Broadcasting in Canada, The Impact of Reprography on the Copyright System, and Copyright Obligations for Cable Television: Pros and Cons. He is the author of scholarly articles and reviews in the American Economic Review; Canadian Journal of Economics; Economic Inquiry; International Review of Law and Economics; Journal of Economic Literature; Journal of Economic Perspectives; Journal of Law, Economics and Organization; Journal of Political Economy; Quarterly Review of Economics and Business; Research in Law and Economics; and Southern Economic Journal. In addition, his articles for popular publications have appeared in American Civilization, Christian Science Monitor, Dallas Morning News, Investor’s Business Daily, Orange County Register, Reason, San Francisco Chronicle, Seattle Times, Upside, and The Wall Street Journal.