April 29, 2007

Regulation for “Civilians”

Albert Einstein used to say that you do not really understand something until you are able to fully explain it to your grandmother. I think that he was exaggerating and that, perhaps, some of you, fellow regulators, may have dealt, at any given point in time, with a certain difficulty trying to explain to your grandmother, friends or children what is it that you actually do and what is the impact of your work on society.

If so, “Regulação e Concorrência” (Regulation and Competition), a short book authored by João Confraria (Professor of Economics and former Member of the Board of ICP-ANACOM) is an ideal introduction to the subject of economic regulation, highlighting the pervasive character of regulation in modern life.

It is a didactic, often entertaining, systematic briefing into the: (a) definition of regulation; (b) interpretation of the nature of market functioning and of the different theories that explain economic regulation; (c) role of the State in the Economy; (d) development of NRA in the EU; (e) periodic cost-benefit assessment of the regulatory activity and (f) present trends and challenges of the regulatory activity.

Most unfortunately, this book, published by Universidade Católica Editora, is not yet translated (if you have some interest in getting it translated please comment at the end of this article).

Another interesting book, readable by non-engineers, who actually want to become familiarised with the buzzword of the XXI Century (VoiP) is “Voice Over IP – Crash Course”, by Steven Shepard, published by McGraw-Hill, which shows the driving forces behind the emergence of VoIP, explains its impact and, mostly, details how it is supported and how it works from the technological and engineering viewpoint.