Notwithstanding considerable efforts at the public and private level to search for a better way, no magic bullet or formula has been found, although at times some have been asserted. •  Nor is one likely to be available. Experience and a reading of the historical record suggest that the seductive allure of grand solutions must be resisted.
Cases differ greatly with respect to what is possible and desirable in terms of their implications for the interests of the public and private sectors. Moreover, history tells us that new developments in markets and practices quickly will render obsolete those measures that might seem well attuned to today’s circumstances.