Radical Markets

From earlier notes:

  • Auctions as free markets - used everywhere from ads to spectrum

  • Moral economies were the norm before — superior in many ways but do not scale past trust/gossip/community

  • Markets must be free, competitive, and open

  • Two problems — market power, and lack of markets

  • Monopoly power is everywhere — individual land owners, etc

  • Voting: you should have to pay for what your vote denies someone else Created: 2019-03-10T20:50:00 Domain: [“[[finance|finance]]”, “[[politics governance|politics governance]]”] Summary: |- The best aspect of “Radical Markets,” according to reviewers, is its innovative approach to economic theory, offering fresh perspectives on how markets can be structured to promote fairness and efficiency. Reviewers appreciate the compelling arguments for rethinking traditional market norms and the potential for radical reforms.

    Conversely, the worst aspect highlighted by some reviewers is the complexity of the ideas presented, which can be challenging to grasp for those not deeply familiar with economic concepts. Additionally, some critics argue that the proposed solutions may be impractical or overly idealistic in real-world applications. Tag: [] Genre: Understanding the World reading_status: Read rating: Great Format: Audiobook Source: Audible Finished: 2018-09-15 Published: 2018

  • Auctions as free markets- used everyhwhere from ads to spectrum
  • Moral economies were the norm before. Superior to market economy in many ways but do not scale past trust/gossip/community
  • Markets must be free, competitive, and open
  • Two problems - market power, and lack of markets
  • Monopoly power is everywhere - individual land owners, etc
    • Monopoly game was developed to share this idea
  • Corporations skirt this by owning many assets
  • Voting
    • You should have to pay for what your vote denies someone else (the way buying a good denies them that good)
    • Y