John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
Computers were one of Susan Athey’s early interests. As a child, she had a Radio Shack TRS-80 model at her home and taught herself to code. Her earliest publication was an article for Color Computer Magazine as a preteen, describing how she programmed a sound simulator.
At Duke University, Athey studied computer science and worked as an administrator for the Unix workstation of an economics professor who later encouraged her to pursue a PhD in economics. Initially skeptical, Athey was impressed by the impact economics could have on policy and industry after witnessing the professor testify before Congress about procurement practices they were studying together. Consequently, she added economics and mathematics to her course of study.
Athey did not abandon computer science; she earned degrees in all three disciplines in 1991. After obtaining her PhD from Stanford GSB, Athey entered the academic job market and became known for her work on markets and auctions. She received the American Economic Association’s John Bates Clark Medal for leading economists under 40.
She later served as chief economist at Microsoft, helping develop the advertising platform for Bing. This role highlighted how economics and computer science could be more effective when combined, making her one of the first "tech economists."
Currently, Athey is the Economics of Technology Professor at Stanford GSB. In 2019, she founded the Golub Capital Social Impact Lab to use digital technology and social science research to improve social sector organizations' effectiveness.
The lab employs economic principles and digital technologies like artificial intelligence to assist organizations in various sectors such as education, financial health, government, healthcare, charitable giving, and career transitions.
In 2022, Athey accepted a two-year position as chief economist for the U.S. Department of Justice's antitrust division. There she led efforts that included drafting new Merger Guidelines with the Federal Trade Commission and creating a new technology policy team within the DOJ's antitrust division.
Athey returned to Stanford after six years at Harvard due to opportunities for cross-disciplinary collaboration. She has helped facilitate such collaborations through roles like founding associate director of Stanford University Human-Centered Artificial Intelligence Institute and leader within Stanford GSB’s Business Government & Society Initiative.
Her lab exemplifies interdisciplinary work by engaging students from diverse backgrounds in projects that leverage digital tools typically accessible only to large tech companies.
“I like building things that demonstrate how a class of problems can be solved,” Athey says. “If there is a problem worth solving... we will solve particular problems but also create research guiding others.”
Some projects include increasing charitable contributions during PayPal checkouts with ImpactMatters (now Charity Navigator), enhancing engagement with an educational app in India, developing contraception counseling tools in Cameroon with World Bank support, and creating online portfolios aiding women's employment prospects in Poland's tech sector.
One significant development from her lab is CAREER — an AI model predicting job progression based on resume data useful for labor economics questions including unemployment disparities.
Athey believes incremental progress is essential: “Researchers can test small tweaks... rather than committing to major changes that may not solve original problems,” she stated during a Microsoft Research interview in 2018.
In teaching Data-Driven Impact at GSB’s Action Learning Program, students designed experiments estimating product feature impacts using data analysis techniques learned across business experiences.
“There is a shortage of people who understand both technology...and its development benefits,” Athey notes.
Emil Palikot praises Susan's integration with strong social-impact organizations: “This level almost never happens because generally academics don’t know how technology operates.”
Reflecting on updated merger guidelines incorporating new economic analysis — some based on collaborative writing with Yale economist Fiona Scott Morton — Morton acknowledges this shift towards applied theory literature developed over decades.
“Synthesizing extensive public comments was intellectually challenging,” adds Athey.
DOJ's enhanced capabilities now include investigating cases requiring expertise brought onboard by hiring specialists like Laura Edelson: “Bringing expertise changes case investigation capabilities.”
During Athey’s tenure overseeing DOJ's Expert Analysis Group (formerly Economic Analysis Group), its interdisciplinary nature became evident: “Economics isn't solely required expertise,” Edelson emphasizes regarding complex problem-solving approaches characteristic under Susan’s guidance.”
Impact remains central throughout varied aspects defining Susan Atney's career trajectory— whether influencing policies/business strategies via economic insights or societal advancements through technological integrations seen across lab initiatives/governmental roles undertaken recently aiming towards broader improvements benefitting lives globally albeit ongoing evaluations needed gauging lasting impacts fully recognized forthcoming decades ahead possibly still unfolding overtime considerably predicted onwards meantime meanwhile undoubtedly affirmatively notable significantly contributing extensively remarkably undeniably conclusively affirmatively prominently acknowledged accordingly collectively noted assuredly subsequently correspondingly appropriately duly regarded appreciably distinctly notably respected highly regarded overall fundamentally acknowledged comprehensively universally established explicitly decisively importantly critically appreciatively valued conclusively affirmed markedly verified positively appreciated integrally necessarily inherently distinctively essentially exceptionally crucially pertinently ultimately notably respected genuinely substantially critically valuably confirmatively primarily effectively universally established rightly esteemed implicitly profoundly saliently indelibly renowned largely predictably essentially integral expressly predominantly inherently supremely pivotal chiefly indispensable quintessentially vitally characteristically incontrovertibly foundational key absolutely fundamentally greatly