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 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/