Thomas Hazlett

Thomas W. Hazlett
Born 1952
Nationality American
Influences Carl Menger
Friedrich Hayek
Information at IDEAS / RePEc

Thomas W. Hazlett is the Hugh H. Macaulay Endowed Professor of Economics in the John E. Walker Department of Economics at Clemson University where he also directs the Information Economy Project. Hazlett’s essays have appeared in the Wall Street Journal, New York Times, The Economist, The New Republic, The Weekly Standard, and Time. He was a New Technology Policy Forum columnist for the Financial Times, 2002–2011, and wrote the “Selected Skirmishes” column for Reason magazine (1989–2000). He is a founding partner of the consulting firm, Arlington Economics, with economists David Porter and Vernon L. Smith. He serves as a Director of the Telecommunications Research Policy Conference, and is a member of the editorial boards of INFO, Telecommunications Policy, and the Supreme Court Economic Review.

Education and career

Hazlett earned a Ph.D. in economics from UCLA in 1984 and taught economics at the University of California at Davis and the Wharton School. In 1991–92, he served as Chief Economist of the Federal Communications Commission. He was a Resident Scholar at the American Enterprise Institute 1998–2001, and a Senior Fellow at the Manhattan Institute 2001–2005. From 2005–2013 Hazlett was Professor of Law and Economics at George Mason University. In 2014, he moved to Clemson University in South Carolina where in addition to his duties as Director of the Information Economy Project he teaches classes on Law and Economics and the Economics of Regulation.

Research

Hazlett’s research is focused on the public choice and public policy aspects of regulatory measures in the communications sector. His 1990 article, “The Rationality of U.S. Regulation of the Broadcast Spectrum,”[1] presented a “revisionist”[2] explanation as to why radio spectrum is allocated and licensed by regulators. The traditional view, given by the U.S. Supreme Court, was that policy makers were confronted by a “tragedy of the commons” and were forced by circumstances to manage wireless services. Ronald Coase critiqued the idea that government control was inevitable, but argued that policymakers were unaware of market alternatives. Hazlett showed that radio broadcasting actually developed according to common law property rules and that the move to political control was the result of pressure by incumbent radio stations and key policy makers (including Secretary of Commerce Herbert Hoover) to foreclose competitive entry.

As a policy advocate, Hazlett argued for auctions in assigning wireless licenses prior to Congressional approval of the reform in 1993,[3] and has advanced further liberalization in the use of frequencies.[4] In particular, he recommends that TV Band frequencies should be bid into more valuable uses.[5] This idea was considered highly controversial in the broadcast industry when proposed, but it has become widely accepted: while Hazlett’s views were “so radical that the economist's suggestion was dismissed as Ivory Tower ranting,” wrote a trade journal in 2004, “no one is laughing now.”[6] By 2010, the FCC’s National Broadband Plan proposed a major shift of TV frequencies to wireless broadband.[7] Hazlett’s articles in the Financial Times,[8] as well as Richard Thaler’s New York Times article on Hazlett’s proposal to repurpose spectrum, may have helped popularize the notion.[9]

Hazlett has also written extensively about regulation in cable TV markets, promoting the consumer advantages of head-to-head competition and advocating the removal of franchise barriers.[10] He served as the economic expert (for the plaintiff) in Preferred Communications v. City of Los Angeles, the 1986 case in which the Supreme Court effectively declared monopoly cable TV franchises to be a violation of the First Amendment. He has written about problems in the development of cable competition and his 1995 article, “Predation in Local Cable TV Markets,”[11] is cited as one of the strongest documentations that predatory pricing occurred.[12]

Other areas of Hazlett's research involve cable TV price controls, [13] the impact of antitrust action against Microsoft,[14] and network neutrality rules. In addition to his book The Fallacy of Net Neutrality, Hazlett's article with FTC Commissioner Joshua D. Wright, “The Law and Economics of Network Neutrality,” provides a comprehensive analysis and critique of the 2010 rules adopted by the Federal Communications Commission. Hazlett's 2011 Harvard Law School debate on the subject, with network neutrality supporter and law professor Tim Wu, states his case.

Personal

Hazlett is married and has two teen-aged[15] daughters. He was born in Los Angeles and grew up in the San Fernando Valley. In his youth, he attended Los Angeles city schools and worked as a child actor, appearing in TV shows such as McHale's Navy, The Monkees, and Land of the Giants, movies such as Walt Disney's "Follow Me Boys," and commercials for Wonder Bread and the Ford Torino. Having studied dance, he auditioned to join the traveling Bolshoi Ballet in Hollywood in 1962, but was rejected and ultimately studied economics instead.

In 1992, his attempt to assist in his mother’s fight against cancer, impeded by FDA regulations blocking advanced treatments available in Japan and elsewhere, was described in Forbes Magazine and later chronicled in Philip K. Howard’s book, The Death of Common Sense.

Books

References

  1. ↑ Hazlett, T.W. (April 1990). “The Rationality of U.S. Regulation of the Broadcast Spectrum,” 33 Journal of Law and Economics; abbreviated version reprinted in Benjamin, S.M., Shelanski, H.A., Speta,J.B., and Weiser, P.J. (2012) Telecommunications Law and Policy. Durham, N.C.: Carolina Academic Press.
  2. ↑ "In a pathbreaking paper Thomas Hazlett makes the case for a revisionist view of the history of broadcast regulation.” Quotation from Spitzer, M.L. (Nov. 1989). “The Constitutionality of Licensing Broadcasters,” 64 N.Y.U. Law Review 990 (Nov. 1989), 1043-44.
  3. ↑ "Making Money Out of the Air" (Dec. 2, 1987). NEW YORK TIMES.
  4. ↑ Hazlett, T.W. (Spring 2001). “The Wireless Craze, the Unlimited Bandwidth Myth, the Spectrum Auction Faux Pas, and the Punchline to Ronald Coase’s ‘Big Joke’: An Essay on Airwave Allocation Policy” HARVARD JOURNAL OF LAW & TECHNOLOGY 15: 335-469.
  5. ↑ Hazlett, T.W. (Nov. 2001). “The U.S. Digital TV Transition: Time to Toss the Negroponte Switch,” AEI-Brookings Working Paper 01-15.
  6. ↑ McConnell, B. (April 26, 2004). “Radical Thinker” BROADCASTING & CABLE.
  7. ↑ Federal Communications Commission (2010). National Broadband Plan, Chapter 5: Spectrum.
  8. ↑ Hazlett, T.W. (June 5, 2002). “Abolish Television” FINANCIAL TIMES; Hazlett, T.W. (June 25, 2009). “A Letter to the New FCC Chair, Julius Genachowski” FINANCIAL TIMES.
  9. ↑ Thaler, R. (Feb. 27, 2009). “The Buried Treasure in Your TV Dial” NEW YORK TIMES.
  10. ↑ Hazlett, T.W. (July 1986) “Private Monopoly and the Public Interest: An Analysis of the Cable TV Franchise," 134 U. of Pennsylvania Law Review, 1335-1409; Hazlett, T.W. (Winter 2007) “Cable TV Franchises as Barriers to Video Competition,” 11 VIRGINIA JOURNAL OF LAW & TECHNOLOGY, 1-82.
  11. ↑ Hazlett, T.W. (Fall 1995). "Predation in Local Cable Television Markets," ANTITRUST BULLETIN XL 609-44.
  12. ↑ See, for example, Bolton, P., Brodley, J.F., and Riordan, M.H. (1999-2000). “Predatory Pricing: Strategic Theory and Legal Policy,” 88 GEORGETOWN LAW JOURNAL 2239-2330.
  13. ↑ Hazlett, T.W. (1997), “Prices and Outputs Under Cable TV Reregulation.” 12 Journal of Regulatory Economics 173-195.
  14. ↑ Bittlingmayer, G. and Hazlett, T.W. (March 2000). “DOS Kapital: Has Antitrust Action Against Microsoft Created Value in the Computer Industry? 55 Journal of Financial Economics 329-359.
  15. ↑ In 2015
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