When More Information Isn't a Good Thing

Carl Bialik from the WSJ writes "'Most of the time, speedier, cheaper information allows the economy to produce more from less, often by eliminating mistakes, cutting wasted effort and shrinking doubt,' David Wessel writes in the Wall Street Journal. But better information through technology has a downside; sometimes, efficiency benefits certain players to the detriment of society. One example Wessel cites: software that tells patent litigants which courts have the most favorable historical record for their side. 'It doesn't help the economy produce more goods or services. It creates nothing of beauty or pleasure,' he writes. 'It simply helps someone get a bigger slice of the pie.'"