Thanks to inexpensive computers and data communications, the speed
and volume of human communication are exponentially greater than
they were even a quarter-century ago. Not since the advent of the
telephone and telegraph in the nineteenth century has information
technology changed daily life so radically. We are in the midst of
what Gerald Brock calls a second information revolution.
Brock traces the complex history of this revolution, from its
roots in World War II through the bursting bubble of the Internet
economy. As he explains, the revolution sprang from an
interdependent series of technological advances, entrepreneurial
innovations, and changes to public policy. Innovations in radar,
computers, and electronic components for defense projects
translated into rapid expansion in the private sector, but some
opportunities were blocked by regulatory policies. The contentious
political effort to accommodate new technology while protecting
beneficiaries of the earlier regulated monopoly eventually resulted
in a regulatory structure that facilitated the explosive growth in
data communications. Brock synthesizes these complex factors into a
readable economic history of the wholesale transformation of the
way we exchange and process information.
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