Stephen E. Margolis is a Research Fellow at the Independent Independent and Professor and Chairman of the Department of Economics, College of Management, North Carolina State University. Professor Margolis received his Ph.D. in economics from the University of California at Los Angeles, and he has taught at the University of Michigan, University of Western Ontario, University of Arizona, Harvard University and Duke University. Professor Margolis is the author (with Stan Liebowitz) of the widely acclaimed book, Winners, Losers & Microsoft: Competition and Antitrust in High Technology, and he is a contributor to numerous scholarly volumes. His scholarly articles and reviews have appeared in the American Economic Review, California Law Review, Economic Inquiry, Journal of Business, Journal of Economic Perspectives, Journal of Human Resources, Journal of Law and Economics, Journal of Legal Studies, Land Economics, Research in Law and Economics, Resources Policy, and Review of Economics and Statistics. In addition, his articles for popular publications have appeared in the Christian Science Monitor, Dallas Morning News, Investor’s Business Daily, Orange County Register, Reason, Seattle Times, Upside, and The Wall Street Journal.