• A Choice Magazine Outstanding Academic Book of 1995, Economics Category

Gerald Brock develops a new theory of decentralized public decisionmaking and uses it to clarify the dramatic changes that have transformed the telecommunication industry from a heavily regulated monopoly to a set of market-oriented firms. He demonstrates how the decentralized decisionmaking process--whose apparent element of chaos has so often invited criticism--has actually made the United States a world leader in reforming telecommunication policy.

Gerald W. Brock is Professor of Telecommunication and Director of the Graduate Telecommunication Program at George Washington University, and was previously Common Carrier Bureau Chief at the Federal Communications Commission.

Read More by Gerald W. Brock:

• The Second Information Revolution