ИПИ Библиотека

Revolutionary developments in computer and fiber-optic technologies have produced a widespread belief that the world has entered a new "Information Age." In this book, Peter Pitsch notes that the information age technologies are unique in their capacity for undergoing and engendering dynamic and unpredictable change. Economic growth in this area depends on constant innovation and competition. Pitsch explains this situation and outlines an appropriate approach to regulation of this increasingly important sector of the economy. As a case in point, Pitsch examines the stunning growth of the computer industry in the 1980s and shows how it provides another powerful argument that today's increasing complexity and accelerating technical advances should change how we approach regulation. Pitsch demonstrates that government regulation undercuts innovation, technological change, and economic growth, and tells how government efforts to set technological standards, regulate monopolies, and ration the electromagnetic spectrum have worked against the very goals the regulators were trying to achieve. He also outlines a market-based regulatory approach that will maximize telecommunications competition and innovation and allow the U.S. to make the information age a true "innovation age."

Pitsch, a Hudson Institute adjunct fellow and attorney specializing in telecommunications law and economics, proposes that information age technologies are unique in their capacity for undergoing and engendering dynamic and unpredictable change. Economic growth in this area depends on constant innovation and competition. Pitsch argues that the concepts of "spontaneous order" and "creative destruction" point toward an appropriate approach to regulation of this increasingly important sector of the economy. Pitsch shows that government regulation undercuts innovation, technological change, and economic growth, and argues that its efforts to set technological standards, regulate monopolies, and ration the electromagnetic spectrum have worked against the very goals the regulators were trying to achieve.

Peter K. Pitsch

Peter K. Pitsch is an adjunct fellow at Hudson Institute and Director of the Competitiveness Center’s Telecommunications Project. He is also a consultant specializing in telecommunications law and economics and has been an adjunct law professor at Georgetown University Law Center. Prof. Pitsch has been a Director of Multiband since August 2011 and is Chairman of the Nominating and Governance Committee and a member of the Compensation Committee. Mr. Pitsch is the Executive Director of Communications Policy and Associate General Counsel for Intel Corporation. He is responsible for coordination of Intel's global telecommunications policies. Prior to joining Intel, Pitsch was the president of Pitsch Communications from 1989 to 1998 which represented telecommunications clients before the FCC and Congress. Pitsch was the Chief of Staff to the Chairman of the Federal Communications Commission from 1987 to 1989 and Chief of FCC's Office of Plans and Policy from 1981 to 1987. He was a senior attorney at Montgomery Ward, Inc. from 1979 to 1981. Prior to that, he worked for three years as an attorney at the Federal Trade Commission including as attorney-advisor to FTC Commissioner Calvin Collier. Mr. Pitsch received a B.A. in Economics from the University of Chicago in 1973 and his J.D. from Georgetown University Law Center in 1976. He is a member of the District of Columbia Bar, the Virginia State Bar, and the Federal Communications Bar Association. On August 29, 2013 In connection with the Merger Frank B. Bennett, resigned from the director position of the company. On August 29, 2013 In connection with the Merger Mr. Peter K. Pitsch , resigned from the director position of the company.