FTC's Chief Economist Says Tech Competition Is a Focus

Joseph Farrell, the chief economist for the Federal Trade Commission, says maintaining competitiveness in the technology sector is important to assuring economic innovation. The remarks come amid signs that the Obama administration is stepping up policing of practices in the high-tech arena. "I think openness to new ideas—better ideas—wherever they may come from is key to innovation policies," Farrell said Tuesday at an appearance before a high-tech association. "Especially in innovative industries, we want to make sure the market stays open to better offers," he added.