Stanford professor talks economics

COURTESY OF THE UNIVERSITY WEBSITE / Susan ATHEY, Ph.D., spoke at The University on Wednesday about the economics of the Internet and digital markets, platform markets and Internet search. Athey is a professor of economics of technology at Stanford University.

COURTESY OF THE UNIVERSITY WEBSITE / SUSAN ATHEY, Ph.D., spoke at The University on Wednesday about the economics of the Internet and digital markets, platform markets and Internet search. Athey is a professor of economics of technology at Stanford University.

Published: October 30, 2015

ANNA PUCCI
Staff Writer

Susan Athey, Ph.D., an economics of technology professor at the Stanford Graduate School of Business, will speak at the 30th annual Henry George lecture 7:30 p.m. Wednesday in the McIlhenny Ballroom in the DeNaples Center.

Athey teaches classes about the economics of the Internet and digital markets, platform markets and Internet search. Her youthful, powerful techniques attract companies like Microsoft and universities including, MIT, Harvard and, of course, Stanford.

In addition to being the first woman to win the John Bates Clark Medal, Athey also received the title of the best American economist under 40.

Michael O. Mensah, Ph.D., dean of The Kania School of Management and a professor of accounting, claims that Athey’s focus on the Internet and media is what can help educate students further.

“We are exposing our students (to) not just economic issues but cutting edge thinking,” Mensah said. “Bringing people who are on the cusps making really important directional changes in the business world.”

Mensah expanded further about the importance of understanding all aspects of technology when preparing for a career in any field.

“The world is changing rapidly, primarily in the way we use technology,” Mensah explained. “And even in the area of career planning, we have to have some sort of handle or fundamental understanding of how technology works to have any chance of surviving any long term learning curve.”

Ralph Petenga, president of the business club at The University, also highlighted the importance of the Internet as a business major.

“The use of the Internet in business and media specifically has increased tremendously over the past decade,” Petenga acknowledged. “So students should be well versed in its applications in their respective fields.”

Edward M. Scahill, Ph.D., associate professor of economics, expressed that Athey’s intelligence is what makes her remarkable.

“She is brilliant enough to realize that her insight and knowledge of theory will help in a very practical way for companies to figure out how to get the message across to” the younger generation,” Scahill said.

Contact the writer: anna.pucci@scranton.edu

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