Sublime
An inspiration engine for ideas
Yet any sophisticated, large-scale market depends on well-designed and well-enforced rules of the game without which rampant theft, constant breaking of contracts, and the rule of the physically strongest would prevail. These rules can be boiled down to three principles: freedom, competition, and openness.
Eric Posner, E. Weyl • Radical Markets: Uprooting Capitalism and Democracy for a Just Society
people have a general tendency to stick with their current situation.
Richard H. Thaler • Nudge: The Final Edition
Allowing Homo economicus to do as he wants, to give Ayn Rand– style freedom to let the market reign, will, by Becker’s measurements, increase welfare.
Raj Patel • The Value of Nothing: How to Reshape Market Society and Redefine Democracy
“Maximizing the most good for the most number of people” can lead to repugnant conclusions when applied at-scale
Erik Hoel • EconTalk on Apple Podcasts
Rationality: What It Is, Why It Seems Scarce, Why It Matters
To harness the radicalism we believe is inherent in markets, we must decentralize power while spurring collective action.
Eric Posner, E. Weyl • Radical Markets: Uprooting Capitalism and Democracy for a Just Society
Econs respond primarily to incentives.