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How to Make Property Work Better for Society

“Property,” French anarchist Pierre-Joseph Proudhon famously wrote, “is theft.” For this, among other radical political statements and beliefs, Proudhon was jailed — albeit rather gently, with regular furloughs from his Paris prison.

Each era gets its own version of “property is theft.” And now University of Chicago legal scholar Eric A. Posner and political economist E. Glen Weyl, a researcher at Microsoft, have delivered one for the era of markets. Radical Markets: Uprooting Capitalism and Democracy for a Just Society is an original and inventive effort at what you might call “market socialism.” It’s worth reading both for the practical ideas that can be repurposed for the current U.S. economy and for the interesting ways in which the authors’ more extreme ideas go wrong.

read more in www.strategy-business.com

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