In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Speakers include Hon. Kathleen Abernathy, Commissioner, Federal Communications Commission; Howard Waltzman, Counsel, House Energy and Commerce Committee; James K. Glassman, Resident Fellow, American Enterprise Institute; and Robert W. Crandall, Senior Fellow, Economic Studies, Brookings Institution.
The American telecommunications sector went into a
freefall in 2002. Telecom stocks tanked as once
proud industry giants and smaller carriers alike were
financially decimated. Numerous providers were forced to
declare bankruptcy. And the reverberations were felt well
beyond the boundaries of the telecom sector as upstream
and downstream industries took a hit as well.
What were the causes of this market meltdown? Was it driven purely by misguided
corporate decisionmaking and bad business models, or is public policy more to
blame? The Telecommunications Act of 1996 was supposed to rejuvenate this sector
by encouraging increased competition, innovation and investment, but most industry
watchers have been dissatisfied with the sluggish pace of change.
This conference will explore recent developments in the
telecommunications sector and feature a set of balanced
debates over the future of both wireline and wireless public
Registration–F.A. Hayek Auditorium Foyer
Welcoming Remarks Adam D. Thierer
Director of Telecommunications Studies, Cato Institute
Clyde Wayne Crews Jr.
Director of Technology Policy, Cato Institute
Morning Keynote Address
Howard Waltzman Counsel, House Energy and Commerce Committee
Introduction: Adam D. Thierer, Cato Institute
Part One: Wireline
Panel 1 The Telecom Market Meltdown: Causes and Consequences
Moderator: Adam D. Thierer
Founder and President, Darby Associates
Vice President, Portfolio Manager and Investment Analyst, T. Rowe Price
Research Analyst in Broadband Access Technology, Needham & Co.
Senior Fellow for Technology & Society, Discovery Institute
10:45 a.m.–12:00 p.m.
Panel 2 What Vision Will Govern Broadband? Deregulation, Open Access, or Structural Separation?
Moderator: Clyde Wayne Crews Jr.
Vice President of Marketing, Optical Solutions
James K. Glassman
Host, Tech Central Station, and Resident Fellow, American Enterprise Institute
Principal, Chief Analyst, and Cofounder, RHK Telecommunications Industry Analysis
Robert W. Crandall
Senior Fellow, Economic Studies, Brookings Institution
Fred L. Smith Jr.
Founder and President, Competitive Enterprise Institute
Part Two: Wireless
Luncheon Keynote Address
Hon. Kathleen Abernathy
Commissioner, Federal Communications Commission
Introduction: Clyde Wayne Crews Jr., Cato Institute
Panel 3 The Future of Spectrum Governance:
Property Rights or a Spectrum Commons?
Moderator: Adam D. Thierer
Professor of Law, New York University School of Law
Systems Designer and Researcher
Thomas W. Hazlett
Senior Fellow, Manhattan Institute
Professor of Public Policy and Management, University of Pennsylvania
Vice President and Global Strategist, Precursor Group