This book's strong argument against government aid to the development of an American high-definition television (HDTV) industry is based largely on analyses of concrete economic and technological factors. Familiar general arguments against "industrial policy" also permeate the writing. The author takes a rather optimistic view about how well the United States will make out even though Japan and the European Community are taking measures intended to give them advantages. A particularly valuable aspect of the book is its demonstration of what a wide range of factors, especially in technology, have to be closely studied to reach reasonable conclusions.
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