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Glen Weyl (Microsoft Research and Yale University)

June 07, 2018
Time 17:00–19:00
DIWMohrenstr. 58, Room Elinor Ostrom10117Berlin

Glen Weyl (Microsoft Research and Yale University)

Topic:Radical Markets: Uprooting Capitalism and Democracy for a Just Society

E. Glen Weyl, Principal Researcher at Microsoft Research and visiting Senior Research Scholar in Economics and Law at Yale University, presents his book Radical Markets: Uprooting Capitalism and Democracy For a Just Society which he co-authored with Eric Posner. The presentation will be followed by a panel discussion with Daniel Friedman, Distinguished Professor at the University of California, Santa Cruz, and Research Professor in Market Design at the WZB in Berlin. The discussion will be moderated by Ludwig Siegele, Technology Editor at The Economist.

About the book

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. It 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 lead to greater equality, prosperity, and cooperation. Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic, show how the principle of one person, one vote inhibits democracy, and 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.

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