Reviews

“Perhaps the most ambitious attempt to rethink democracy and markets since Milton Friedman. Twenty years from now this just might be the book people are talking about. The writing is excellent, with great examples and historical detail. I admire the ambition and willingness to experiment, a rare thing in economics these days. It just might help launch a new branch of political economy.”―Kenneth S. Rogoff, author of The Curse of Cash

Radical Markets…could be best described as an interesting new way of looking at the subject that is sometimes called ‘political economy’ – tackling the big questions of how markets and politics and society intersect…All in all, I am optimistic that the various behavioral kinks around implementing ‘radical markets’ in practice could be worked out…I particularly welcome the use of the blockchain and crypto space as a testing ground…Could decentralized institutions like these be used to solve the key defining challenges of the twenty first century? All in all, I highly recommend Radical Markets…to anyone interested in these kinds of issues, and look forward to seeing the discussion that the book generates.” Vitalik Buterin

“Doesn’t anybody have anything new to offer? . . . . [Y]es: . . . unleash the awesome power of markets . . . to uplift the poor . . . it just might be what the world needs now. . . . [Posner and Weyl are] smart and iconoclastic, and their book bursts with ideas like kernels of corn on a hot stove.”Peter Coy, Bloomberg Businessweek

“One of the most exciting books in the social sciences published in the past several years. Very original, using a consistent ideological approach, and intellectually compelling.”―Branko Milanovic, author of Global Inequality

“(A)n arresting if eccentric manifesto for rebooting liberalism…the policies they advocate…may help jolt liberals out of their hand-wringing, and shape a new line of market-oriented thinking, as Milton Friedman’s ‘Capitalism and Freedom’ did…refreshing and welcome in its willingness to question received wisdom…(L)iberals must find some antidote to populism and protectionism. A little outlandishness may be necessary.” Henry Curr, The Economist

“Radical Markets thinks big and builds daring proposals, all on a unified theme: the need for maintaining competition and eliciting decentralized information, whose neglect led to the demise of planned economies. Whether you are convinced by the specific proposals or not, your confidence in your worldview may well be shattered by the depth and originality of the analysis.”―Jean Tirole, Toulouse School of Economics, Nobel Laureate in Economics, and author of Economics for the Common Good

“(T)he ‘decentralized revolution’ has yet to…truly change things for the better…A new book…might hold the answer. ‘Radical Markets’ is reinvigorating the Ethereum ecosystem with ambition to change the world…by helping create a more just and fair society….While Weyl is somewhat of an outsider in the cryptospace, he might be exactly the type of thought leader the Ethereum ecosystem needs.”Jordan Daniell, ETH News

“These ideas will creep into public discourse and be fought tooth and nail by the elites and the wealthy…sounds like a socialist attack the rich and the corporate establishment, but many label him ‘extreme right’ because he offers more open, liquid and competitive markets than…anyone has imagined to this day.”Eytan Avriel, Ha’aretz The Marker Week

“There are a lot of very provocative and very well thought-out ideas in there and it is more than worth a read…I think I talked to this guy for thirty-five minutes, which is somewhat unheard of in the radio world, and would have talked to him for at least an hour longer.”―Molly Wood, Marketplace

“In our difficult times, with mounting anxieties over migration, global inequality, and the cohesiveness of public culture, many are inclined to reject market-based solutions as heartless and elitist. Eric Posner and Glen Weyl argue that market-based ideas of a radically new sort (though based on neglected insights from the past) have the power to create greater equality and reciprocity. Counterintuitive and fascinating, this book will be an essential part of the debate about global issues going forward.”―Martha C. Nussbaum, University of Chicago

“The most important part of [this] book are the ideas: radical, interesting. There were things I thought I knew for sure that I wasn’t sure I knew afterwards.”Steven Levitt, Author of Freakonomics

“The new revolutionaries in economic thought come for the University of Chicago…who have the ambition of using market mechanisms to combat the excesses of capitalism…This innovative proposal deserves debate at a moment when the left lacks new ideas to combat inequality in the face of mounting populism.”Ioana Marinescu, Liberation

“Read this difficult and provocative book. It made my head hurt, and then spin. In a world where our current economic and political models are worth defending but are straining, this can only be a good thing.”Paschal Donohoe, Irish Finance Minister, Irish Times

“It strikes me as a very important book indeed….Radical Markets is excellent, and well worth reading. For me, a good non-fiction book is one which occasionally forces me to stop reading and just think for a while.  This one did that several times.”Ryan Avent of The Economist, Medium

“(T)heir analysis of the ineffectiveness of antitrust instruments and the need to tackle the problem of monopolies in different terms than in the last century is invaluable…While their ideas about property, certainly unpopular with those of more advanced years, could please young people who have grown up in a virtual world in which it is more important to use things than to possess them.”Massimo Gaggi, Corriere della Serra

“I applaud the ambition of the book, and hope to see more like it…Their best proposal come in section one…For property that is publicly known and visible, such as land and patents…this idea seems ready to go live, and I endorse it…Overall, it is great to see a wider public becoming exposed to ambitious proposals for social reform based on solid social design analysis.”Robin Hanson, Overcoming Bias

“Eric Posner & Glen Weyl’s Radical Markets: Uprooting Capitalism and Democracy for A Just Society is an enormously ambitious new book, one that challenges conventional wisdom and advances bold reform programs…There is much to admire and quite a bit to endorse in Posner and Weyl’s willingness to rethink the obvious, their resistance of the conventional wisdoms of both right and left…and their imaginative reform proposals.” Hanoch Dagan, Michigan Law Review

“What I love is just some new ideas, because the existing ideas to solve the injustices and inequalities aren’t working! A must-read.”Carol Massar, Bloomberg Radio

“A very thought-provoking book is a bizarre fusion of ideas drawn from the classical liberal . . . . and socialist tradition(s). . . . It contains ideas . . . that really do make you think. It is a really fun book to read and of you are someone who actually likes having your suppositions and beliefs challenged, take a look at it.”Reihan Salam, National Review’s The Editors Podcast

“I highly recommend this book! Replacing markets by auctions (sort of). Whether you agree or not, it shows how much liberalism is able to renew itself.”Gaspard Koenig, Generation Libre

“It’s extremely thought provoking and clearly brilliant…Radical Markets certainly made me think about property, information, power. Well worth reading.” Diane Coyle, The Enlightened Economist

“Both a savage critique of ‘techno-feudalism’ and an idealistic appeal to share the fruits of our collective intelligence more fairly.” John Thornhill, Financial Times

“(W)hile some of this book’s specific proposals are more attractive than others, they add up to a compelling case that libertarianism and egalitarianism are not natural enemies. This is no small achievement. Indeed, a convincing marriage of egalitarianism and libertarianism could be a game-changing political menu option. Also, it might be just what blockchain technologists have been looking for.” Matthew Prewitt, BlockChannel

“I have always been motivated to find ways to unite the power of technology and markets with the goal of creating a more egalitarian society, and the authors of this book offer an exploration of these apparently contradictory strands.”―Satya Nadella, Chief Executive Officer, Microsoft

“‘Radical Markets’…a work of social thought, not social science…human laws are not universal laws,…Unfortunately, human imagination can fail…Through bold works of social thought, the Political Economists…shook to life a world still wrapped in the shroud of feudalism. We have today’s liberal democratic order to thank for it…’Radical Markets’ is an equally bold work for the modern world.” ―Daniel T. Roberts

“This book is a fascinating book filled with ideas and at some abstract level I see it as presenting a new set of rules of the game that if we were to adopt these rules…I believe that these rules would produce economic growth and would reduce inequality in our society.  I’ve actually never read a book with so many ideas all bundled together.”Matt Kahn, University of Southern California

“At a time when U.S. politics chews relentlessly on stale ideologies left over from the Cold War, the originality and ambition of these ideas make for refreshing science fiction. Like good scientists, Posner and Weyl stress the need for testing and evaluation. Yet what makes their proposals seem especially fictional nowadays is the presumption of a functioning technocracy in search of evidence-based, win-win solutions to common problems. If nothing else, this book is a reminder of how far from sober rationality American government has come.”Nathaniel Schneider, America

“I loved the book. I don’t believe it, but I loved it.” Karin Knorr Cetina, University of Chicago

“Radical Markets could reshape everything.” Andrew Hyman, Chicago Business

“(I)f you want a book that is smart, clearly written, dedicated to Bill Vickrey and sees its premises through to their logical conclusions, I am happy to recommend this one…If nothing else, it will force you to clarify what you actually like about markets, or don’t, and what you actually like about economics, or don’t…at the very least, it is worth thinking through why we do not handle life as a second-price auction.” ―Tyler Cowen, Marginal Revolution