When Entrepreneurs Meet: The Collective Governance of New Ideas

A book published with World Scientific.

When Entrepreneurs Meet: The Collective Governance of New Ideas challenges our understanding of how entrepreneurs crystallize opportunities surrounding new technologies. While innovation is the fundamental driver of growth and prosperity, how the earliest stages of entrepreneurship are governed remains elusive. This book creates a new, institutional approach to understanding entrepreneurship before emphasizing how entrepreneurs create governance structuresContinue reading “When Entrepreneurs Meet: The Collective Governance of New Ideas”

The New Technologies of Freedom

Book published with the American Institute for Economic Research (with Chris Berg and Sinclair Davidson).

We are on the cusp of a dramatic wave of technological change – from blockchain to automated smart contracts, artificial intelligence and machine learning to advances in cryptography and digitisation, from Internet of Things to advanced communications technologies.

These are the new technologies of freedom. These tools present a historical unprecedented Continue reading “The New Technologies of Freedom”

Unfreeze: How to Create a High Growth Economy After the Pandemic

Book published with the American Institute for Economic Research (with Chris Berg, Sinclair Davidson, Aaron M Lane and Jason Potts)

We spell out the policy settings necessary for the rapid adaptation and market re-coordination that is required to resuscitate the economy. We explain why a return to business as usual is simply not enough to get everyone working again. A period of high growth prosperity will be imperative to deal with the costs of the freeze. This book tackles the tough questionsContinue reading “Unfreeze: How to Create a High Growth Economy After the Pandemic”

Cryptodemocracy: How Blockchain can Radically Expand Democratic Choice

Book published with Lexington (with Chris Berg and Aaron Lane)

A cryptodemocracy is cryptographically-secured collective choice infrastructure on which individuals coordinate their voting property rights. Drawing on economic and political theory, a cryptodemocracy is a more fluid and emergent form of collective choice. This book examines these theoretical characteristics before exploring specific applications of a cryptodemocracy in labor bargaining and corporate governance. The analysis of the characteristics of a more emergent and contractual democratic process has implications for a wide range of collective choice.

Book Contents

  1. Introduction
  2. Technologies of choosing
  3. A framework for institutional collective choice
  4. Delegating the vote
  5. Bargaining and exchange in a cryptodemocracy
  6. Cryptodemocratic corporate governance
  7. Cryptodemocratic labor unions
  8. The future of a cryptodemocracy

Reviews

“The problem of democracy is that it simultaneously invests power in the people while removing any incentive to use their power wisely. Cryptodemocracy is a thorough and rigorous investigation into an innovative solution: Turn votes into a kind of tradeable property right and allow voting markets. New blockchain technologies allow us to overcome the problems of older voter market proposals. This is a book that deserves to be widely read and discussed—and we owe it to ourselves to experiment with its suggestions.”
— Jason Brennan, Georgetown University and author of Against Democracy

“Public choice theory has now ossified around the conventional practices of voting and legislation. In this volume, Darcy Allen, Chris Berg, and Aaron Lane show how that ossification might be transcended by bringing ideas from blockchain technology to bear on democratic governance. While the authors recognize that they have not written the final word on this topic, they have surely created a template that will provide analytical points of departure for pursuing political economy in new directions.”
— Richard E. Wagner, George Mason University

“We stand on the edge of revolution not just in the way democracy works, but in the very idea of what democracy can be. Blockchain technology can immediately solve all the problems of voter fraud, low turnout, and expensive recounts, while expanding the ability of citizens to delegate their votes and register their views on important topics that are now decided behind closed doors. This landmark book is the first thing I’ve seen that understands the potential, both benefits and risks, of the cryptodemocracy on the horizon — a turning point in the literature connecting political science and technology.”
— Michael C. Munger, Duke University

Australia’s Red Tape Crisis: The Causes and Costs of Over-regulation

A co-edited book with Connor Court (co-edited with Chris Berg)

Red tape costs the Australian economy as much as $176 billion a year. Governments create and enforce thousands of regulations on our workplaces and our communities. These rules slow and prevent businesses forming, people from flourishing, new technologies from being adopted, and hold back Australia’s global competitiveness. Australia’s Red Tape Crisis is an exploration into the economics, politics and culture of over-regulation. How should we structure our federation to achieve reform? Continue reading “Australia’s Red Tape Crisis: The Causes and Costs of Over-regulation”