Radical Markets
by Eric A. Posner, E. Glen Weyl · first published 2018
44% recommend53% neutral2% critical
Why HN recommends it
Creative market-based policy proposals such as self-assessed property taxes, land-value taxation, common ownership limits, and citizen-sponsored migration. Suits readers curious about economic reform.
Summarised by Claude from recommending comments
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…textbook covering most of Econ 101. Some of these entries are only tangentially related to economic theory (Thinking Strategically, Capitalism vs. the Climate). There are also some glaring omissions (e.g. Radical Markets by Posner and Weyl).
on “Books to Understand Economics” ↗If you are interested in a reasonable and effective proposal to this problem I recommend you read chapter 3 of Radical Markets by Posner and Weyl. They propose that every citizen be able to sponsor a migrant themselves.
on “The Problem with Palm Oil” ↗The most-comprehensive argument that motivates its existence, I've found in Glen Weyl and Eric Posner's book "Radical Markets."
on “The user experience problems of quadratic voting” ↗I highly recommend the recently published book Radical Markets[1] which I read after listening to an interview with one of the authors on Econtalk[2]. From that summary: > Weyl urges a radical transformation of land and housing markets using a new federal real estate…
on “Ask HN: 2018 Summer Reading List?” ↗The seminal paper on this topic seems to be Anticompetitive Effects of Common Ownership[0] by Azar et al, and there's a whole chapter on this topic in Radical Markets[1], a recent book by Eric Posner and Glen Weyl. Both are worth reading if this is a topic you're interested in. [0] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2427345 [1] https://www.amazon.com/Radical-Markets-Uprooting-Capitalism-...
on “The growth in passive funds has caused markets to become more correlated?” ↗…when considering solutions, I guess I didn’t really do this in my comment. So thank you for this important insight! To offer some additional thoughts on this, I can recommend the thought provink book Radical Markets by Eric Posner and Glen Weyl. They present quadratic voting (next to some other ideas) as one means of arriving at better regulatory outcomes. To me it’s not a complete or perfect solution but certainly…
on “Kickstarter’s staff is unionizing” ↗…you down a false dichotomy. There are significant differences between existing systems and many possible new approaches to taxation and social order in the pipeline. For example, have a look at the book radical markets by Eric Posner and Glen Weyl to get a taste of what is possible in terms of legislative innovations. So, I am not against and all for personal change and growth but absolving the economic system from…
on “Is everything an MLM” ↗I first heard this described in a book written by Eric A. Posner and E. Glen Weyl. The book has a lot of other cool reasonably doable ideas. https://www.amazon.com/Radical-Markets-Uprooting-Capitalism-...
on “A New Way of Voting That Makes Zealotry Expensive” ↗…public, and if someone wants to buy your property at that price, you must sell to them. This system encourages optimal allocation of resources and penalizes hoarding. [0] See Glen Weyl's fantastic book "Radical Markets". Full chapter here: https://assets.press.princeton.edu/chapters/s11222.pdf
on “The World’s 2,153 Billionaires Are Richer Than 4.6B People, Says Oxfam” ↗"Radical Markets" by Weyl and Posner (2018) is a very accessible summary of what you might call "neo-Georgist" thinking. George's essential political idea was that society is not a struggle between labor (workers) and…
on “Declining worker power vs. rising monopoly power: explaining recent macro trends” ↗Good comment. Regarding this whole “zero transaction costs” issue, I can’t recommend weyl and posner’s “radical markets” enough. I’m right wing/classical liberal / leanbertarian or whatever you want to call a pro-market stance, but that book opened my eyes about the conflict between market mechanisms and the absolutist…
on “20 year study of global wealth demolishes the myth of ‘trickle-down’” ↗I love this idea! Came across it in Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric A. Posner and Eric Glen Weyl https://press.princeton.edu/books/hardcover/9780691177502/ra...
on “Maybe Treating Housing as an Investment Was a Colossal Mistake” ↗“Radical Markets” by Glen Weyl and Eric Posner
on “Ask HN: Best books you read in the past decade?” ↗…Maybe we can take the best from both worlds. Lose the hunger for profit, the abstract finance, the exploitation and keep the progress. It'd be nice. I think if you want ideas like that, Glen Weyl's book Radical Markets is probably for you. Fundamentally you aren't going to make any progress on creating that world until you recognize that markets are not your enemy. Centralized state planning is not and never will be…
on “The world needs nuclear power and we shouldn’t be afraid of it” ↗For an amazing proposal for "every property is always up for sale" see the book Radical Markets The authors argue that self-assessment of property is the best way to evaluate property - allowing for fair tax collection. If you undervalue the property, someone can buy it through an app. If you overvalue…
on “An ‘everything app’ would be bad for liberal democracies and free markets” ↗