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]
[edit] 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]
[edit] Notes
- ^ Hanson, Robin. "Shall we vote on values, but bet on beliefs?". http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.71.8309&rep=rep1&type=pdf. Retrieved 2010-07-23
- ^ Leibovich, Mark; Barrett, Grant (2008-12-21). "The Buzzwords of 2008" (HTML). Week in Review (New York Times). http://www.nytimes.com/ref/weekinreview/buzzwords2008.html?scp=2&sq=futarchy&st=cse. Retrieved 2010-07-23.
- ^ Cowen, Tyler (2007-08-04). "Where do I disagree with Robin Hanson?" (HTML). Marginal Revolution. http://www.marginalrevolution.com/marginalrevolution/2007/08/where-do-i-disa.html. Retrieved 2010-07-23.
[edit] External links
- Futarchy: Vote values, but bet beliefs (Robin Hanson)
- Questions about Futarchy (Samantha Cook, November 21, 2005)
- Futarchy: buzzword or viable option? World Bank PSD Blog
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