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Property System Approach to the Electromagnetic Spectrum: A Legal Economic Engineering (Cato paper) Paperback – June, 1980

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Product Details

  • Series: Cato paper
  • Paperback: 87 pages
  • Publisher: Cato Inst; First Edition edition (June 1980)
  • Language: English
  • ISBN-10: 0932790119
  • ISBN-13: 978-0932790118
  • Product Dimensions: 7.8 x 5.1 x 1 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #8,251,721 in Books (See Top 100 in Books)

More About the Author

Arthur De Vany was born in Davenport, Iowa in 1937. He graduated from Montebello High School in 1955 and signed to play professional baseball for the Hollywood Stars. Art was one of the very few pro baseball players to lift weights, a now-universal practice, which led scouts to give him the nickname of Superman in their scouting reports. The name stuck and recently the Times of London called Art Superman's slightly fitter granddad. Dr. De Vany went on to earn his Ph.D. in Economics at UCLA and to become a respected scientist who is known over the world through his articles and books. He is listed in Who's Who in America and Who's Who in the World and is the author of the acclaimed Hollywood Economics. Art is Professor Emeritus of Economics of the University of California, and is a member of their acclaimed Institute for Mathematical Behavioral Sciences and is an affiliate of the Evolution, Complexity and Cognition group of the Free University of Brussels. A lifelong student of metabolism and fitness, Art has lived as a Paleo/Athlete for some 30 years and is called a patriarch of the Paleo movement. He has blogged on the subject since the 1990s and continues to blog on the subject on his Evolutionary Fitness blog at www.arthurdevany.com.

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1 of 1 people found the following review helpful By Steven H Propp TOP 100 REVIEWER on August 13, 2012
Format: Paperback
The "Note from the Authors" of this 1980 Cato Institute paper state, "This essay is the product of the collaboration of the authors while consultants to the staff of the President's Task Force on Communications Policy. We thought it useful to revise our work and make it available to a larger public... Our purpose in publishing this essay is ... (that) each of us believes that the probability for improved use of the spectrum through market allocation is sufficiently high to warrant congressional approval of... pilot project testing the property system proposed here."

The Introduction notes, "the regulatory procedures established over forty years ago have not been adapted to the dramatic changes in technology and demand that have occurred since the end of World War II." (Pg. xvi) They propose "to define exclusive property rights in spectrum use without adding economically inefficient restrictions." (Pg. 9)

They would leave it to judges to administer their proposed rules governing market processes: "we believe these questions can safely be left to the courts. In fact little else can be done, for the mind of man cannot devise a statutory answer in advance for every question that will arise under the new property system." (Pg. 45)

They summarize, "We have advocated here a change in the management of the electromagnetic spectrum from a government-administered system of allocation to a market process. We have further attempted to formulate a system of property rights in the spectrum that will permit market changes to take place." (Pg. 69)

Although more than 30 years old, the arguments in this essay are not necessarily "dated," and this an area in which not much has been written from a liberatarian perspective.
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