The Technology, Economics, and Governance Working Group seeks to understand the drivers and dynamics of technological innovation in the 21st century, assess the opportunities and risks that breakthrough technologies are creating, and develop governance approaches that maximize the benefits and mitigate the risks for the nation and the world. Facts and objective analysis are the keys to the approach.

As described in more detail in this statement of purpose, the Working Group conducts original research, brings together private sector and public sector leaders, and develops policy recommendations for decision-makers at all levels of government.

New technologies—from Internet advances to artificial intelligence to synthetic biology and many more—are transforming the global economy and connecting us in ways unimaginable only a few years ago. Emerging technologies are offering unmatched opportunities to alleviate poverty, raise economic growth, treat disease, and improve lives all over the world. But these technologies are also fueling new geopolitical competition and they are posing unprecedented governance challenges to domestic political institutions.

Policymakers today are grappling with a host of difficult questions. Congressional proposals are increasingly calling for ways to reduce the power of large tech firms, from breaking them up to regulating them or taxing them. Yet it is not evident that any of these solutions will solve the problems the nation confronts with emerging technologies, and many of these approaches could hurt the nation by hobbling American innovation. Is the problem monopoly power, which leads to higher prices, or is it the power to exclude certain individuals or firms from using the platforms? How would break-ups take place, and would they depend on the market and the product? Are there better ways to proceed that do not throw out the scale advantages and greater global interconnectedness?


The opinions expressed on this website are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.

© 2024 by the Board of Trustees of Leland Stanford Junior University.

John B Taylor

John B. Taylor

George P. Shultz Senior Fellow in Economics

John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He chairs the Hoover Working Group on Economic Policy, co-chairs the Hoover Technology, Economics and Governance Working Group, and is director of Stanford’s Introductory Economics Center.

Amy Zegart

Amy Zegart

Morris Arnold and Nona Jean Cox Senior Fellow

Amy Zegart is the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and Professor of Political Science (by courtesy) at Stanford University. She is also a Senior Fellow at Stanford’s Freeman Spogli Institute for International Studies, Chair of Stanford’s Artificial Intelligence and International Security Steering Committee, and a contributing writer at The Atlantic. She specializes in U.S. intelligence, emerging technologies and national security, grand strategy, and global political risk management.

overlay image