Smarter Regulation for the “Optimizing Economy”

These days, you no longer need to be part of the wealthy elite to access a car service. Nor do you need to sleep in a cramped hotel room to save money on accommodations. Netflix knows just the movie you would love to watch next, and Google is developing a car that will drive itself. Even certain medical treatments can be customized to your genes. In a paper recently released by the Ewing Marion Kauffman Foundation, Cary Coglianese, a professor at the University of Pennsylvania Law School, argues that these innovations make up a new “optimizing economy.” Coglianese points out that such innovations and other similar entrepreneurial success stories are not merely additions to the economy; rather, they actually represent optimizations “of existing resources, goods, and services.” And this optimizing…


Link to Full Article: Smarter Regulation for the “Optimizing Economy”