Radical Markets

Radical Markets
Author: Eric A. Posner
Publisher: Princeton University Press
Total Pages: 208
Release: 2019-10-08
Genre: Business & Economics
ISBN: 0691196974

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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

Radical Markets
Author: Eric A. Posner
Publisher: Princeton University Press
Total Pages: 364
Release: 2018-05-15
Genre: Business & Economics
ISBN: 0691177503

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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

Market Rebels
Author: Hayagreeva Rao
Publisher: Princeton University Press
Total Pages: 216
Release: 2008-12-01
Genre: Business & Economics
ISBN: 1400829747

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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

Market Mind Games: A Radical Psychology of Investing, Trading and Risk
Author: Denise Shull
Publisher: McGraw Hill Professional
Total Pages: 289
Release: 2011-12-30
Genre: Business & Economics
ISBN: 0071761527

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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

Market for Liberty
Author: Linda Tannehill
Publisher: Ludwig von Mises Institute
Total Pages: 177
Release: 1970
Genre: Free enterprise
ISBN: 1610163958

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Capitalism on Edge

Capitalism on Edge
Author: Albena Azmanova
Publisher: Columbia University Press
Total Pages: 130
Release: 2020-01-14
Genre: Philosophy
ISBN: 0231530609

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The wake of the financial crisis has inspired hopes for dramatic change and stirred visions of capitalism’s terminal collapse. Yet capitalism is not on its deathbed, utopia is not in our future, and revolution is not in the cards. In Capitalism on Edge, Albena Azmanova demonstrates that radical progressive change is still attainable, but it must come from an unexpected direction. Azmanova’s new critique of capitalism focuses on the competitive pursuit of profit rather than on forms of ownership and patterns of wealth distribution. She contends that neoliberal capitalism has mutated into a new form—precarity capitalism—marked by the emergence of a precarious multitude. Widespread economic insecurity ails the 99 percent across differences in income, education, and professional occupation; it is the underlying cause of such diverse hardships as work-related stress and chronic unemployment. In response, Azmanova calls for forging a broad alliance of strange bedfellows whose discontent would challenge not only capitalism’s unfair outcomes but also the drive for profit at its core. To achieve this synthesis, progressive forces need to go beyond the old ideological certitudes of, on the left, fighting inequality and, on the right, increasing competition. Azmanova details reforms that would enable a dramatic transformation of the current system without a revolutionary break. An iconoclastic critique of left orthodoxy, Capitalism on Edge confronts the intellectual and political impasses of our time to discern a new path of emancipation.

Markets in the Name of Socialism

Markets in the Name of Socialism
Author: Johanna Bockman
Publisher: Stanford University Press
Total Pages: 556
Release: 2011-07-26
Genre: Business & Economics
ISBN: 0804778965

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The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism. This book takes a truly transnational look at economists' professional outlook over 100 years across the capitalist West and the socialist East. Clearly translating complicated economic ideas and neoliberal theories, it presents a significant reinterpretation of Cold War history, the fall of communism, and the rise of today's dominant economic ideology.

Elinor Ostrom's Rules for Radicals

Elinor Ostrom's Rules for Radicals
Author: Derek Wall
Publisher: Pluto Press (UK)
Total Pages: 0
Release: 2017
Genre: Ecology
ISBN: 9780745399355

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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.

Radical Innovation

Radical Innovation
Author: Richard Leifer
Publisher: Harvard Business Press
Total Pages: 280
Release: 2000
Genre: Business & Economics
ISBN: 9780875849034

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

The Wealth of Humans

The Wealth of Humans
Author: Ryan Avent
Publisher: Macmillan + ORM
Total Pages: 350
Release: 2016-09-20
Genre: Business & Economics
ISBN: 1466887192

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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.