Who's Ready for Radical Markets?

Wednesday, Jul 11, 2018

What if we completely changed the rules by which markets and democracies operate? In their new book, "Radical Markets: Uprooting Capitalism and Democracy for a Just Society," Glen Weyl '07 *08 and co-author Eric Posner propose to do just that.

The book presents a series of thought-experiments that lay out how different mechanisms and incentive structures could work. Instead of private property, perpetual auctions. Quadratic voting instead of the old 'one person-one vote'. Allowing free(er) flow of labor across borders. Promoting competition through limits on institutional investors. And, treating data as labor. Posner and Weyl's book has been widely reviewed and commented on, including in the The Economist, the Wall Street Journal, and Bloomberg Businessweek

Weyl, a Principal Researcher at Microsoft Research, will be a Visiting Research Scholar at Princeton in the coming academic year. He will offer a course called Radical Markets, that examines some of the issues laid out in the book. A graduate of Princeton University, Weyl was Valedictorian of his undergraduate class in 2007 and received his PhD in economics from Princeton a year later. He was a Junior Fellow at the Harvard Society of Fellows, an Assistant Professor of Economics at the University of Chicago and is an Alfred P. Sloan Research Fellow 2014-2019.

 

For more information and links to all the reviews: http://radicalmarkets.com/