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Knowledge and CoordinationA Liberal Interpretation$
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Daniel B. Klein

Print publication date: 2014

Print ISBN-13: 9780199355327

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199355327.001.0001

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Outstripped by Unknowns

Outstripped by Unknowns

Intervention and the Pace of Technology

Chapter:
(p.199) Chapter 13 Outstripped by Unknowns
Source:
Knowledge and Coordination
Author(s):

Daniel B. Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199355327.003.0013

This chapter deals with the advance of technology that reinforces the case against intervention and control. It focuses on the main argument that the pace of unknowns will outstrip the pace of knowledge capability. Another kind of argument that supports the contention about technology and the case for intervention is that technological advance often dissolves the momentary rationale for the particular intervention. The more that technology has potential, the less sense it makes to get confined into a regulatory device based on obsolete justification for intervening.

Keywords:   technology, knowledge capability, technological advance, intervention

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