This study investigates and analyzes historical episodes in America in which the federal government undertook public-private efforts to complete critical activities valued for their public good. This combination largely resulted from a lack of either sufficient political will to fund them entirely out of the public treasury or insufficient profit motive for private firms to undertake them for purely business reasons. The six case studies include the following: 1) the development of the transcontinental railroad, supported by a unique land-grant approach to subsidy; 2) support for the airline industry through legislation, appropriate regulation, and subsidies to grow a robust air transport capability; 3) the regulatory regime put into place with the rise of the telephone industry and the creation of a government-sponsored monopoly that eventually had to be broken up; 4) government sponsorship of Antarctic scientific stations that evolved into a public-private partnership (PPP) over time; 5) the fostering of a range of public works projects and their success or failure over time; and 6) the establishment of scenic and cultural conservation zones in the United States and ways to balance economic development with preservation.

Now that the West has been so satisfactorily won, entrepreneurs are willing and eager to offer their services to the waiting virgin wilderness they deem to be the economic frontier of the next century. Here is help in the form of nearly 50 papers on policy, commercial, and technical aspects of the potential. The topics include engineering materials in space, remote sensing, pharmaceuticals and life sciences, telecommunications, facilities and services, the business environment, and government investment in their endeavors. Reproduced from the authors' copies. No bibliography. Book club price $95. Annotation copyrighted by Book News, Inc., Portland, OR

"This third book by the Aerospace Technology Working Group (ATWG) is a broad and fascinating survey of the important topic of Space Commerce. The authors are genuine experts within their fields, and many of them have been together in the loose collaboration of the ATWG for two decades. They share a common impatience with incremental development and bureaucracy, and will lead the reader in exploring the frontier of this emerging business venue." Bruce McCandless II, 24-Year NASA Astronaut

Space Commerce relates the story of private enterprise's unsteady rise to prominence as a major influence on world space policy and research. The first space race proved the technological and military prowess of the two superpowers; but since the 1970s that contest has been supplanted by a multinational struggle to command the commercial opportunities of space. The commercial space age was born in 1965 when Early Bird, the first commercial communications satellite, went into orbit. With characteristic ingenuity, American industrialists began to dream of garnering billions of dollars per year from space-based products and services. In the microgravity of space, they hoped, hitherto unavailable drugs could be produced that would revolutionize medicine; in the high vacuum of space, crystals of extreme purity could be grown in orbital laboratories, both for biological research and for application in the manufacture of advanced microcircuits. In this book John McLucas covers the broad sweep of space commerce, both the vision and the reality: the construction of communications satellites and their ground control stations; the sale and leasing of communications services; remote sensing and measurement of earth's processes; navigation by satellites, serving ships, airplanes, and automobiles; the design and deployment of space laboratories for scientific research and product development; and life science experiments to determine the effects of space habitation on humans. Drawing on his considerable expertise, McLucas brings a sober perspective to his assessment of the technological accomplishments as well as the challenges still faced by industry in space. He incorporates into his discussion an illuminating analysis of the economic and political impact of space commerce and its rapidly changing international character.