Knowledge Problem

The 'Knowledge Problem' Substack explores concepts in economics, regulation, technology, and governance with a focus on electricity markets, market failure theory, economic growth, and the role of institutions. It critically examines policy analyses, regulatory practices, and the interplay between technology and market dynamics.

Economics Regulation Technology Governance Electricity Markets Market Failure Economic Growth Institutional Design Public Policy Environmental Economics

The hottest Substack posts of Knowledge Problem

And their main takeaways

Why Does a Theory of Competition Matter for Electricity Regulation?

58 implied HN points • 02 Feb 23
  1. Economic theory is crucial for interpreting data and guiding analyses.
  2. Regulatory decisions are heavily influenced by the underlying theory of competition.
  3. Institutional design in regulation is shaped by the theory of competition and policy objectives.

Markets Are Knowledge Ecosystems

1 HN point • 25 May 23
💰 Finance Economics AI
  1. Markets function as knowledge ecosystems where prices communicate dispersed knowledge.
  2. Economists differentiate between knowledge and information, highlighting the importance of tacit knowledge in decision-making.
  3. The knowledge problem in markets is more of a cognitive challenge than a computational one, impacting the effectiveness of AI in replicating human decision-making.

Commentary on economics, information, and human action

0 implied HN points • 24 Aug 20
  1. The post discusses economics, information, and human action.
  2. Focus is on economics of organizations, regulation, and information.
  3. Topics include technology, electricity, transactive energy, market epistemology, and 18th-century political economy.