A student's guide to understanding tech policy
I work with a group of 9 students, all very talented, learning economics or finance. I have been thinking about what to teach them and what they need to know about public policy. Here is a syllabus of sorts that I have put together to get everyone up to speed on the topics they are currently researching. It is still a draft but I thought everyone could use it.
Knowledge and its limits.
The seen and the unseen
- Dissoi Logoi is a rhetorical exercise of unknown authorship, most likely dating to just after the Peloponnesian War (431–404 BC) based on comments within the exercise’s text. It starts on page 2 in the attached PDF.
The market is a process not a product
- “Order Defined in the Process of its Emergence” James Buchanan
The limits of knowledge in machine learning
- “A Few Useful Things to Know about Machine Learning” by Pedro Domingos (2012) alternate version
- “Data mining fool’s gold” by Gary Smith
Discounting and time
- “Sustainability: An Economist’s Perspective” by Robort Solow
- “On hyperbolic discounting and uncertain hazard rates”
- “Searching for Safety”
Information and firms
- “Designing organizations for an information-rich world” by Herbert Simon (1971)
Some basics of tech
Economics of AI
- The New Business of AI (and How It’s Different From Traditional Software) by Martin Casado and Matt Bornstein
- “Taming the Tail: Adventures in Improving AI Economics” by Martin Casado and Matt Bornstein
Robots and workers
- “Are Workers Losing to Robots?” By Sylvain Leduc and Zheng Liu
- “Measuring the Gig Economy: Current Knowledge and Open Issues” by Katharine G. Abraham, John C. Haltiwanger, Kristin Sandusky & James R. Spletzer
Zero priced goods
- “The Specialness of Zero” by Joshua Gans (2020)
- “The Economics of Information” (1961) by George J. Stigler
Platform economics
- “The Economics of Two-Sided Markets” Marc Rysman (2009)
- “Controllability of complex networks” by Yang-Yu Liu, Jean-Jacques Slotine & Albert-László Barabási (2011)-
Public policy is about making fewer bad choices
Public policy and wicked problems
- “Dilemmas in a general theory of planning” by Horst W. J. Rittel & Melvin M. Webber
The public policy process demystified
- “Congress is a ‘They,’ not an ‘It’: Legislative intent as oxymoron” by Kenneth A. Shepsle
Selected tech policy topics
DARPA
- “The DARPA Model for Transformative Technologies: Perspectives on the U.S. Defense Advanced Research Projects Agency”
- “Why does DARPA work?” by Ben Reinhardt
NASA and space
The economics of privacy
- “The Economics of Privacy” (1981) by Richard A. Posner
- “Privacy Regulation and Online Advertising” by Avi Goldfarb and Catherine E. Tucker
- “Privacy Regulation and Market Structure” (2011) by James Campbell, Avi Goldfarb, and Catherine Tucker
Freedom of speech
- “Freedom of Speech, Information Privacy, and the Troubling Implications of a Right to Stop People from Speaking About You” (1999) by Eugene Volokh
First published Jan 5, 2022