Economists and Tech

From a paper in the Journal of Economic Perspectives :

PhD economists have started to play an increasingly central role in tech companies, tackling problems such as platform design, pricing, and policy. Major companies, including Amazon, eBay, Google, Microsoft, Facebook, Airbnb, and Uber, have large teams of PhD economists working to engineer better design choices.

The first table presented omits one enormous company, namely Apple. I’m curious to know why. No information or are there no Economists working for Apple?

I know that AR/AI researchers had previously shunned Apple as an employer due to the fact that they couldn’t publish papers as they would in other organisations like Google and Universities, bu ti believe that hurdle has been overcome nowadays.

Another quote I found interesting :

These shifts are partially driven by a growing need to prepare MBA students for a career in the technology sector. For example, Amazon was the largest employer of Harvard Business School’s most recent graduating class of MBA students. Corre- sponding to the shifting career paths of MBA students,

And this:

Business schools have seen increased demand for faculty specializing in online platforms and digitization, as well as in areas crucial to understanding data analysis, such as experimental methods and machine learning. For example, groups in business schools that historically focused on operations research or management of information systems have recently begun to focus more on economic prob- lems such as marketplaces, pricing algorithms, and empirical studies of economic questions.

Clearly the relevant subject matter to be taught is changing rapidly and before our eyes. Good to know that things are moving in the right direction at Business Schools.

I got this article link from the Marginal Revolution blog.

4 February 2019, F.W.I