Summary:
The book presents a series of innovative and provocative economic reforms designed to reduce inequality, stimulate growth, and revitalize democracy. It introduces concepts like the Common Ownership Self-Assessed Tax (COST) on assets to encourage optimal use and a new voting system called Quadratic Voting to better reflect collective preferences.
Key points:
1. Property as Monopoly: The book suggests that private property leads to monopolies and inefficiencies. It proposes a system where property ownership requires constant bidding, with the highest bid setting a tax rate, to ensure assets are used most effectively.
Books similar to "Radical Markets":
Progress and Poverty
Henry George
The End of Prosperity
Arthur B. Laffer|Stephen Moore|Peter Tanous
Progress and Poverty
Henry George
The Whiteness of Wealth
Dorothy A. Brown
Progress and Poverty
Henry George
The Undercover Economist
Tim Harford
Principles of Microeconomics
N. Gregory Mankiw
The Fiat Standard
Saifedean Ammous
When to Rob a Bank
Steven D. Levitt|Stephen J. Dubner
The Myth of Capitalism
Jonathan Tepper