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Radical Markets: Uprooting Capitalism and Democracy for a Just Society - Paperback | Diverse Reads

Radical Markets: Uprooting Capitalism and Democracy for a Just Society

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Revolutionary ideas on how to use markets to achieve fairness and prosperity for all

Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation.

Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition—Radical Markets shows how.

ISBN-13: 9780691196060

Media Type: Paperback

Publisher: Princeton University Press

Publication Date: 10-08-2019

Pages: 384

Product Dimensions: 5.20(w) x 7.90(h) x 1.10(d)

Eric A. Posner is the Kirkland and Ellis Distinguished Service Professor at the University of Chicago Law School. E. Glen Weyl is principal researcher at Microsoft, founder and chairman of RadicalxChange, and visiting research scholar at Princeton University's Woodrow Wilson School of Public and International Affairs. Twitter @glenweyl

What People are Saying About This

From the Publisher

"Refreshing and welcome in its willingness to question received wisdom."—The Economist

"This is free market thinking but not as we know it."—Diane Coyle, Prospect

"A brilliant, provocative work."—Jason Furman, former chairman of President Obama's Council of Economic Advisers

"A must-read."—Carol Massar, Bloomberg Radio

Table of Contents

Acknowledgments ix

Preface: The Auction Will Set You Free xiii

Introduction: The Crisis of the Liberal Order 1

1 Property Is Monopoly 30

2 Radical Democracy 80

3 Uniting the World’s Workers 127

4 Dismembering the Octopus 168

5 Data as Labor 205

Conclusion: Going to the Root 250

Epilogue: After Markets? 277

Notes 295

Index 319