Susan Athey

Economist Theorist American Born 1970 (age 56)

Applies machine learning and big data to economics and auctions.

377 quotes

"We underestimate how much of human behavior is driven by social norms rather than incentives."
"The most valuable skill in the modern economy is the ability to work with uncertainty."
Courage
"Markets are conversations between buyers and sellers about what value means."
Philosophy
"We are not experiencing a crisis of economics but a crisis of belief in economics."
Faith
"The real wealth of nations is measured in human capital and social trust."
Success
"Every policy has winners and losers; honesty about this is the beginning of wisdom."
Truth
"We have built economic systems that are very good at creating wealth and very bad at distributing it."
Justice
"The questions raised by artificial intelligence are fundamentally questions about power and who gets to decide."
Power
"Markets fail not because of Adam Smith but because we fail to remember his warnings about power."
Leadership
"The future economy will be shaped by those who can think like both scientists and humanists."
Education
"We need to measure what matters, not just what's easy to measure."
Wisdom
"The best economic policy is that which enables human flourishing, not just growth."
Success
"Data is not neutral; every data set reflects the values and choices of those who created it."
Truth
"We are conducting a massive, uncontrolled experiment on human behavior through digital platforms."
Science
"The price of everything is rising except the price of human attention and human dignity."
Strength
"Mechanism design teaches us that getting the rules right matters more than getting the outcomes right."
Wisdom
"The most successful economies are those that can evolve their rules as circumstances change."
Change
"We have created networks of interdependence so complex that a disruption anywhere affects everywhere."
Knowledge
"Economic justice requires not just equal opportunity but equal power to shape the rules."
Justice
"The future of work is not about jobs but about how we create meaning and purpose."
Work
"We are learning that some things cannot be optimized without destroying what makes them valuable."
Wisdom
"The real cost of inequality is not in the money but in the social fabric it tears apart."
Peace
"Markets work best when they are embedded in communities and social relationships."
Philosophy
"We need to think about not just economic efficiency but economic justice and human dignity."
Justice
"The most important innovation in the coming decades will be in how we organize human cooperation."
Leadership
"Data science without ethics is just sophisticated manipulation."
Truth
"We have the tools to solve most of our economic problems; what we lack is the political will."
Courage
"The future belongs to those who can integrate knowledge across disciplines."
Education
"Markets are not perfect; they are just better than the alternatives we've tried."
Wisdom
"The most dangerous assumption in economics is that people are rational actors maximizing utility."
Philosophy