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The Fallacy of Net Neutrality
"There is little dispute that the Internet should continue as an open platform," notes the Federal Communications Commission. Yet in a curious twist of logic, the FCC has moved to upend the rules yielding that outcome, imposing "network neutrality" regulations on broadband-access providers. The new mandates purport to prevent Internet "gatekeepers" by prohibiting networks from favoring certain applications. In this comprehensive Broadside, Thomas W. Hazlett explains the faulty economic logic behind the FCC's regulations. The "open Internet"--thriving without such mandates--allows consumers, investors, and entrepreneurs to choose the best platforms and products, testing rival business models. Networks are actively (and efficiently) involved in managing traffic and promoting popular applications, making the entire ecosystem more valuable. This is a spontaneous market process, not a planned structure, and the commission's restrictions threaten to stifle innovation and economic growth.
The Political Spectrum
Cover -- Half Title -- Title -- Copyright -- Dedication -- Contents -- Acknowledgments -- Introduction: Magic and Cacophony -- PART ONE: WELCOME TO THE JUNGLE -- 1 Dances with Regulators -- 2 Etheric Bedlam -- 3 Protection by Subtraction -- 4 Myth Calculation -- 5 Eureka-nomics -- PART TWO: SILENCE OF THE ENTRANTS -- 6 The Death of DuMont -- 7 "Thank God for C-SPAN!"--8 Lost in Space -- 9 Baptists, Bootleggers, and LPFM -- PART THREE: ADVENTURES IN CONTENT REGULATION -- 10 Orwell's Revenge: The Fairness Doctrine -- 11 Must Carry This, Shall Not Carry That -- 12 Indecent Exposure -- PART FOUR: SLOUCHING TOWARD FREEDOM -- 13 The Thirty Years' War -- 14 Deal of the Decade -- 15 The Toaster Tsunami -- 16 Dirigiste Backlash -- 17 What Would Coase Do? -- 18 Hoarders Anonymous -- PART FIVE: BEYOND -- 19 The Abolitionists -- 20 Spectrum Policy as if the Future Mattered -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X -- Y -- Z
Public Policy Toward Cable Television
This study of cable rate regulation finds that unregulated monopoly may be superior to regulate monopoly, even in the presence of legal entry barriers. By comparing how rates, quality and volume changed during the periods of deregulation and reregulation in the cable industry, the authors show that cable rate regulation deals with a real problem, monopoly power in local cable markets, but has typically proven perverse in effect.
Midnight Economist
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From Mainframes to Smartphones
This compact history traces the computer industry from its origins in 1950s mainframes, through the establishment of standards beginning in 1965 and the introduction of personal computing in the 1980s. It concludes with the Internet’s explosive growth since 1995. Across these four periods, Martin Campbell-Kelly and Daniel Garcia-Swartz describe the steady trend toward miniaturization and explain its consequences for the bundles of interacting components that make up a computer system. With miniaturization, the price of computation fell and entry into the industry became less costly. Companies supplying different components learned to cooperate even as they competed with other businesses fo...
Supreme Court Economic Review, Volume 22
Supreme Court Economic Review is an interdisciplinary journal that seeks to provide a forum for scholarship in law and economics, public choice, and constitutional political economy. Its approach is broad ranging and contributions employ explicit or implicit economic reasoning for the analysis of legal issues, with special attention to Supreme Court decisions, judicial process, and institutional design.
Economics in One Lesson
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Les...
Public Policy Toward Cable Television
This book analyzes the effectiveness of the federal government's vacillating regulatory policy toward the cable television industry.
Radio Spectrum and the Disruptive Clarity of Ronald Coase
In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that Government limited conflicts by restricting uses; property owners perform an analogous function via the “price system.” The government solution was inefficient unless the net benefits of the alternative property regime were lower. Coase augured that the price system would outperform. His spectrum auction proposal was mocked by communications policy experts, opposed by industry interests, and ridiculed ...
Supreme Court Economic Review, Volume 23
Supreme Court Economic Review is a faculty-edited, peer-reviewed, interdisciplinary series that applies world class economic and legal scholarship to the work of the Supreme Court of the United States. Contributions typically provide an economic analysis of the events that generated the Court's cases, its functioning as an organization, the reasoning the Court employs in reaching its decisions, and the societal impact of these verdicts. Beyond academic analysis, SCER contributors stimulate interest in the economic dimension of the Supreme Court and explore solutions for its manifold and complex problems.
