Radical Markets by Eric Posner and E. Glen Weyl: A Review Essay

摘要

At a time when standards of living have improved more than any time in history, this book makes a proposal for radical change. It is based-loosely-on market design principles. The plan for attacking overlapping ownership is reasonably well thought out. Most of the book, however, proposes to use mechanisms designed for a narrow purpose; to attack real or imagined problems that they are ill-suited to solve. I conclude that while market design has a lot to offer when properly applied, the proposals here are not sufficiently well thought out to constitute a serious plan of action.