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As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself remains ill-defined, with uncertain legal and economic principles operating on both sides of regulatory proceedings.  Andrew N. Kleit’s Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and...

The political journal of John Wodehouse, first Earl of Kimberley (1862-1902) is one of the finest political diaries of the last half of the nineteenth century. Born into an old Tory family, Kimberley followed his forebears in attending Eton and Christ Church, Oxford, but shocked his neighbors by adopting Liberal principles. Uniquely placed as an observer, Kimberley was the only Liberal to serve in every Cabinet of the Gladstone/Rosebery era. The Kimberley Journal is replete with humorous anecdotes, information regarding policy development, and acute observations about politicians and...