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Radical Markets by Eric Posner and E. Glen Weyl: A Review Essay
Journal of Economic Literature ( IF 11.5 ) Pub Date : 2020-06-01 , DOI: 10.1257/jel.20191533
David K. Levine 1
Affiliation  

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.

中文翻译:

Eric Posner和E. Glen Weyl的激进市场:评论论文

在生活水平比历史上任何时候都得到改善的时代,这本书提出了彻底改变的建议。它(宽松地)基于市场设计原则。合理地考虑了应对重叠所有权的计划。但是,本书的大部分内容都建议使用为狭窄目的而设计的机制。攻击他们不适合解决的真实或想象中的问题。我的结论是,尽管正确应用市场设计可以提供很多东西,但是这里的建议没有被充分考虑以构成一个认真的行动计划。
更新日期:2020-06-01
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