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, by Thomas W. Hazlett
Free Download , by Thomas W. Hazlett
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Product details
File Size: 5133 KB
Print Length: 416 pages
Page Numbers Source ISBN: 0300210507
Publisher: Yale University Press (May 23, 2017)
Publication Date: May 1, 2017
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B072HHFKL2
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A well written and researched work regarding the history and shortcomings of the regulatory process since the radio and television eras. The author demonstrates how the outdated regulatory process threatens the natural growth in todays most important wireless media. The benefits to the public with the limited regulation of the cellular industry (reduced prices, greater access) are a tangible demonstration of the power of market forces instead of regulatory overreach.The author has created a carefully crafted narrative that does not require you to be an economist or tech savant to understand the implications of overregulation by starting with wireless media that we all can relate to, radio and television. The timing of this work is critical as we are continually discussing “net neutralityâ€. Only market forces can level the monopolistic playing field gained by broadband.The author has done something quite important in this day of complaints. In addition to telling us the problem he has offered carefully considered solutions that can keep the U.S competitive in a rapidly changing world market. When a person of Dr. Hazlett’s experience, knowledge and expertise offers a solution to such an important issue I can only hope that the powers that be (FCC, Congress) will carefully consider these clearly explained remedies that can be implemented in a short time frame. This book bodes well for the resurgence of the non-fiction genre.
As a former engineer, entrepreneur, and venture capital investor who spent 40 years struggling to innovate under the arcane and destructive power of the FCC, Tom Hazlett’s romp through the history of this woebegone regulatory agency brought back many memories while filling in many blanks. This is not your usual boring academic treatise! Peppered with revealing anecdotes and acerbic commentary, reading this book was like sitting in a bar listening to Tom regale you with his stories, something I’ve had the pleasure of doing on many a late night. I highly recommend this to anyone who wants to understand how badly served the public has been by politicized central planners captive to special interests, collectively retarding the march of technology and business progress for far too long. The FCC needs to go the way of the Civil Aeronautics Board and the Interstate Commerce Commission, and Tom explains exactly what to replace it with. Kudos on a great read.
This is two books for the price of one. The first is a readable history of one of America’s most important natural resources - radio spectrum - since its discovery and commercial development for entertainment, mass-marketing, telephony and the Internet. This is a story full of heroic pioneers, and the heroic (often mistaken) assumptions that drove them. The second book, contained within the first, is the meditation of a first-rate scholar on the intractable difficulty of effective government regulations in general, and the hidden social costs that can result from systems of public management that fail to take account of of the inevitable characteristics of political and bureaucratic institutions. Serious learning, lightly worn.
This book tells the story of wireless communications in the United States -- the dynamic interactions and clashes which determined how spectrum has been assigned in the U.S., for what communications systems, starting with the advent of broadcast radio in the 1920s. With rich research, how spectrum was awarded and who won and who lost, how visionaries and mercenaries fought political battles over the awarding, the author brings to life the myriad twists and turns that constructed, sometimes haphazardy, our present day spectrum use. In the award and use of communications spectrum, regulation or lack thereof, has been a major factor in the efficient, best, and highest uses of spectrum.The regulatory philosophies of the Federal Communications Commission were basically of two kinds: heavy government regulation, lengthy award processes, and the inevitable intrusion of special interest lobbying in influencing and determining the regulatory outcome; and the reliance on marketplace forces beginning in 1981 with the Reagan FCC. -- both to allocate spectrum. The two spectrum allocation models are discussed in detail, and how each awarded that spectrum: the central command regulation of politically appointed FCC commissioners, and what the author refers to as the "toaster"model, meaning allocation through marketplace forces,The book is highly educational, but at the same time, entertaining -- even amusing. Marconi tested the first wireless system, using a transmitter on one side of a river, with a receiver on the other. The author amuses by observing that broadcasting at that moment was quite limited, as only Marconi had a receiver.The author had a bird-eye view of spectrum sausage making in the 1990s, as a chief economist at the FCC; As an economist set on seeing marketplace mechanisms to make spectrum awards, the author must have been appalled at the heavily political process that preceeded far more fair and rational ways of awarding spectrum -- namely spectrum actions. The by now validated method awarded the players spectrum who bid highest, because they had in mind the highest and best use of that spectrum.Congress, of course, loved any system that deposited auction proceeds in the Treasury, to be spent.."Political Spectrum" is a wise primer on how to best allocate communications spectrum. It is, based upon the trial and error of the U.S finding the best way to allocate in a manner best serving the public . It should be read globally by communications regulators, professors of communications,and policy makers outside of government, It's a fun read of an up to now hidden part of American regulatory and political communications history.
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