Difference between revisions of "Personal Information Economics"
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==Opposing arguements== | ==Opposing arguements== | ||
===PI is an economic good=== | ===PI is an economic good=== | ||
| − | *A New York Times '''Economic View''' opined that data has "value as an eonomic resource".<ref>David Deming, ''A Need to balance Privacy with Data Sharing''. New York Times p. B5 </ref> It is not clear why data about private people should ever become the economic property of a company, but that appears to be a common phenomonon. <blockquote>Data increasingly prowers innovation and it needs to be used for the public good. ... Data provides a record of what has already happened, but its main value comes from improving predictions. ... The buzzy refrain of the digital age is that "data is the new oil". ... When Celera mapped a gene first, it protected its(sic) intellectual property by requiring other firms to negotiate licensing agreements or pay high fees before using the dta. | + | *A New York Times '''Economic View''' opined that data has "value as an eonomic resource".<ref>David Deming, ''A Need to balance Privacy with Data Sharing''. New York Times p. B5 </ref> It is not clear why data about private people should ever become the economic property of a company, but that appears to be a common phenomonon. <blockquote>Data increasingly prowers innovation and it needs to be used for the public good. ... Data provides a record of what has already happened, but its main value comes from improving predictions. ... The buzzy refrain of the digital age is that "data is the new oil". ... When Celera mapped a gene first, it protected its(sic) intellectual property by requiring other firms to negotiate licensing agreements or pay high fees before using the dta. Years later the genes mapped by Celera led to many fewer innovations and commercial products than those that were immediately put in the public domain. ... Data's increasing value as an economic resource requires a new way of thinking.</blockquote> |
===PI must not be labled as an econmic good=== | ===PI must not be labled as an econmic good=== | ||
In a Q&A session with Harvards's Elizabeth Renieris the question of | In a Q&A session with Harvards's Elizabeth Renieris the question of | ||
| − | <ref>Jeff Benson, ''Data Ownership Is Dangerous'' https://digitalprivacy.news/2020/03/30/harvards-elizabeth-renieris-data-ownership-is-dangerous/</ref> | + | <ref>Jeff Benson, ''Data Ownership Is Dangerous'' https://digitalprivacy.news/2020/03/30/harvards-elizabeth-renieris-data-ownership-is-dangerous/</ref><blockchain> ...blockchain-obsessed idealists, want to forge a future in which people can profit from their data. Elizabeth Renieris thinks that’s a dangerous idea. </blockquote> |
==References== | ==References== | ||
[[Category:Privacy]] | [[Category:Privacy]] | ||
Revision as of 12:59, 21 February 2021
Contents
Full Title or Meme
The idea that our Personal Information (PI) is an economic good has gained attention. Is that a good thing?
Context
- From the economic meaning of the term good as something of value comes the question whether all of life's pleasures should be valued in economic terms.
Opposing arguements
PI is an economic good
- A New York Times Economic View opined that data has "value as an eonomic resource".[1] It is not clear why data about private people should ever become the economic property of a company, but that appears to be a common phenomonon.
Data increasingly prowers innovation and it needs to be used for the public good. ... Data provides a record of what has already happened, but its main value comes from improving predictions. ... The buzzy refrain of the digital age is that "data is the new oil". ... When Celera mapped a gene first, it protected its(sic) intellectual property by requiring other firms to negotiate licensing agreements or pay high fees before using the dta. Years later the genes mapped by Celera led to many fewer innovations and commercial products than those that were immediately put in the public domain. ... Data's increasing value as an economic resource requires a new way of thinking.
PI must not be labled as an econmic good
In a Q&A session with Harvards's Elizabeth Renieris the question of [2]<blockchain> ...blockchain-obsessed idealists, want to forge a future in which people can profit from their data. Elizabeth Renieris thinks that’s a dangerous idea. </blockquote>
References
- ↑ David Deming, A Need to balance Privacy with Data Sharing. New York Times p. B5
- ↑ Jeff Benson, Data Ownership Is Dangerous https://digitalprivacy.news/2020/03/30/harvards-elizabeth-renieris-data-ownership-is-dangerous/
