Radical Markets

Author: Eric A. Posner
Publisher: Princeton University Press
ISBN: 0691196974
Category : Business & Economics
Languages : en
Pages : 190

Book Description
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.

Radical Markets

Author: Eric A. Posner
Publisher: Princeton University Press
ISBN: 0691177503
Category : Business & Economics
Languages : en
Pages : 364

Book Description
Revolutionary ideas on how to use markets to bring about 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—and pretty much all conventional thinking about markets, both for and against—on its head. The 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. Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic, and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration—not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data. 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.

Market Rebels

Author: Hayagreeva Rao
Publisher: Princeton University Press
ISBN: 1400829747
Category : Business & Economics
Languages : en
Pages : 216

Book Description
Great individuals are assumed to cause the success of radical innovations--thus Henry Ford is depicted as the one who established the automobile industry in America. Hayagreeva Rao tells a different story, one that will change the way you think about markets forever. He explains how "market rebels"--activists who defy authority and convention--are the real force behind the success or failure of radical innovations. Rao shows how automobile enthusiasts were the ones who established the new automobile industry by staging highly publicized reliability races and lobbying governments to enact licensing laws. Ford exploited the popularity of the car by using new mass-production technologies. Rao argues that market rebels also establish new niches and new cultural styles. If it were not for craft brewers who crusaded against "industrial beer" and proliferated brewpubs, there would be no specialty beers in America. But for nouvelle cuisine activists who broke the stranglehold of Escoffier's classical cuisine in France, there would have been little hybridization and experimentation in modern cooking. Market rebels also thwart radical innovation. Rao demonstrates how consumer activists have faced down chain stores and big box retailers, and how anti-biotechnology activists in Germany penetrated pharmaceutical firms and delayed the commercialization of patents. Read Market Rebels to learn how activists succeed when they construct "hot causes" that arouse intense emotions, and exploit "cool mobilization"--unconventional techniques that engage audiences in collective action. You will realize how the hands that move markets are the joined hands of market rebels. Some images inside the book are unavailable due to digital copyright restrictions.

Market Mind Games: A Radical Psychology of Investing, Trading and Risk

Author: Denise Shull
Publisher: McGraw Hill Professional
ISBN: 0071761527
Category : Business & Economics
Languages : en
Pages : 289

Book Description
Seize the advantage in every trade using your greatest asset—“psychological capital”! When it comes to investing, we're usually taught to “conquer” our emotions. Denise Shull sees it in reverse: We need to use our emotions. Combining her expertise in neuroscience with her extensive trading experience, Shull seeks to help you improve your decision making by navigating the shifting relationships among reason, analysis, emotion, and intuition. This is your “psychological capital”—and it's the key to making decisions calmly and rationally during the heat of trading. Market Mind Games explains the basics of neuroscience in language you understand, which is the first tool you need to manage the emotional ups and downs of the trading. It then provides you with a rock-solid trading system designed to take full advantage of your emotional assets.

Market for Liberty

Author: Linda Tannehill
Publisher: Ludwig von Mises Institute
ISBN: 1610163958
Category : Free enterprise
Languages : en
Pages : 177

Book Description

The Wealth of Humans

Author: Ryan Avent
Publisher: Macmillan + ORM
ISBN: 1466887192
Category : Business & Economics
Languages : en
Pages : 350

Book Description
None of us has ever lived through a genuine industrial revolution. Until now. Digital technology is transforming every corner of the economy, fundamentally altering the way things are done, who does them, and what they earn for their efforts. In The Wealth of Humans, Economist editor Ryan Avent brings up-to-the-minute research and reporting to bear on the major economic question of our time: can the modern world manage technological changes every bit as disruptive as those that shook the socioeconomic landscape of the 19th century? Traveling from Shenzhen, to Gothenburg, to Mumbai, to Silicon Valley, Avent investigates the meaning of work in the twenty-first century: how technology is upending time-tested business models and thrusting workers of all kinds into a world wholly unlike that of a generation ago. It's a world in which the relationships between capital and labor and between rich and poor have been overturned. Past revolutions required rewriting the social contract: this one is unlikely to demand anything less. Avent looks to the history of the Industrial Revolution and the work of numerous experts for lessons in reordering society. The future needn't be bleak, but as The Wealth of Humans explains, we can't expect to restructure the world without a wrenching rethinking of what an economy should be.

Elinor Ostrom's Rules for Radicals

Author: Derek Wall
Publisher: Pluto Press (UK)
ISBN: 9780745399355
Category : Ecology
Languages : en
Pages : 0

Book Description
Elinor Ostrom was the first woman to win the Nobel Prize for Economics. Her theorising of the commons has been celebrated as groundbreaking and opening the way for non-capitalist economic alternatives, yet, many radicals know little about her.This book redresses this, revealing the indispensability of her work for green politics, left economics and radical democracy. Ostrom has often been viewed as a conservative or managerial thinker; but Derek Wall's analysis of her work reveals a how itis invaluable for developing a left political programme in the twenty-first century. Central to Ostrom's work was the move 'beyond panaceas'; transforming institutions to widen participation, promote diversity and favour cooperation overcompetition. She regularly challenged academia as individualist, narrow and elitist and promoted a radical take on education, based on participation. Her investigations into how we share finite resources has radical implications for the Green movement and her rubric for a functioning collective ownership is highly relevant in order in achieving radical social change. As activists continue to reject traditional models of centralised power, Ostrom's work will become even more vital, offering a guide tocreating economics that exists beyond markets and states.

Data Capital

Author: Chunlei Tang
Publisher: Springer Nature
ISBN: 3030601927
Category : Political Science
Languages : en
Pages : 376

Book Description
This book defines and develops the concept of data capital. Using an interdisciplinary perspective, this book focuses on the key features of the data economy, systematically presenting the economic aspects of data science. The book (1) introduces an alternative interpretation on economists’ observation of which capital has changed radically since the twentieth century; (2) elaborates on the composition of data capital and it as a factor of production; (3) describes morphological changes in data capital that influence its accumulation and circulation; (4) explains the rise of data capital as an underappreciated cause of phenomena from data sovereign, economic inequality, to stagnating productivity; (5) discusses hopes and challenges for industrial circles, the government and academia when an intangible wealth brought by data (and information or knowledge as well); (6) proposes the development of criteria for measuring regulating data capital in the twenty-first century for regulatory purposes by looking at the prospects for data capital and possible impact on future society. Providing the first a thorough introduction to the theory of data as capital, this book will be useful for those studying economics, data science, and business, as well as those in the financial industry who own, control, or wish to work with data resources.

Radical Innovation

Author: Richard Leifer
Publisher: Harvard Business Press
ISBN: 9780875849034
Category : Business & Economics
Languages : en
Pages : 280

Book Description
This text aims to prove that established companies can implement revolutionary innovations, and that it is not limited to the realm of startup companies.

Radical Democracy

Author: C. Douglas Lummis
Publisher: Cornell University Press
ISBN: 1501712985
Category : Political Science
Languages : en
Pages : 198

Book Description
C. Douglas Lummis writes as if he were talking with intelligent friends rather than articulating political theory. He reminds us that democracy literally means a political state in which the people (demos) have the power (kratia). The people referred to are not people of a certain class or gender or color. They are, in fact, the poorest and largest body of citizens. Democracy is and always has been the most radical proposal, and constitutes a critique of every sort of centralized power. Lummis distinguishes true democracy from the inequitable incarnations referred to in contemporary liberal usage. He weaves commentary on classic texts with personal anecdotes and reflections on current events. Writing from Japan and drawing on his own experience in the Philippines at the height of People's Power, Lummis brings a cross-cultural perspective to issues such as economic development and popular mobilization. He warns against the fallacy of associating free markets or the current world economic order with democracy and argues for transborder democratic action. Rejecting the ways in which technology imposes its own needs, Lummis asks what work would look like in a truly democratic society. He urges us to remember that democracy should mean a fundamental stance toward the world and toward one's fellow human beings. So understood, it offers an effective cure for what he terms "the social disease called political cynicism." Feisty and provocative, Radical Democracy is sure to inspire debate.