Futarchy
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Futarchy is a form of government proposed by economist Robin Hanson, in which elected officials define measures of national welfare, and prediction markets are used to determine which policies will have the most positive effect.[1]
It was named by the New York Times as a buzzword of 2008.[2]
Criticisms
Economist Tyler Cowen said
"I would bet against the future of futarchy, or its likelihood of succeeding were it in place. Robin says 'vote on values, bet on beliefs', but I don't think values and beliefs can be so easily separated."[3]
Notes
- ↑ Hanson, Robin. "Shall we vote on values, but bet on beliefs?". CiteSeerX: 10.1.1.71.8309. Missing or empty
|url=(help);|access-date=requires|url=(help)<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles> - ↑ Leibovich, Mark; Barrett, Grant (2008-12-21). "The Buzzwords of 2008". Week in Review. New York Times. Retrieved 2010-07-23.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- ↑ Cowen, Tyler (2007-08-04). "Where do I disagree with Robin Hanson?". Marginal Revolution. Retrieved 2010-07-23.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
External links
- Hanson, Robin (August 2000). "Futarchy: Vote values, but bet beliefs". Retrieved 2012-02-20.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Gelman, Andrew (November 21, 2005). "Questions about Futarchy". Statistical Modeling, Causal Inference, and Social Science (blog). Retrieved 2012-02-20.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Quaggioto, Giulio (2008-04-18). "Futarchy: buzzword or viable option?". Private Sector Development Blog. World Bank. Retrieved 2012-02-20.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- Varian, Hal R. (May 8, 2003). "A Market Approach to Politics". New York Times.
|access-date=requires|url=(help)<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles> - "Futarchy Discussion Group".<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
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