Tomorrow 3.0 - Transaction Costs and the Sharing Economy

Munger predicts that smartphones will allow the 'transactions cost economy' to commodify excess capacity, promoting sharing instead of owning.m

List of contents

1. The world of tomorrow 3.0; 2. Division of labor, destruction, and revolution; 3. The middleman-sharing economy; 4. The answer is 'transaction costs' ¿ Uber sells triangulation, transfer, and trust; 5. Jobs, work, and adaptation; 6. The day after tomorrow.

About the author

Michael C. Munger is a Professor in the Department of Political Science and the Department of Economics at Duke University, North Carolina. He studied for a Ph.D. under Barry Weingast and Douglass North (1993 Nobel Prize) at Washington University in St Louis. After working at the US Federal Trade Commission, Munger taught at Dartmouth, Texas, and North Carolina before moving to Duke in 1997. He edited the journal Public Choice from 2005–2009.

Summary

Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He predicts that smartphones will be used to commodify excess capacity, and reaches the controversial conclusion that a basic income will be required as a consequence of this new 'transaction costs revolution'.

Product details

• Authors: Michael C. Munger, Michael C. (Duke University Munger, Munger Michael C.
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 31.03.2018
• EAN: 9781108427081
• ISBN: 978-1-108-42708-1
• No. of pages: 188
• Series: Cambridge Studies in Economics, Choice, and Society; Cambridge Studies in Economics; Cambridge Studies in Economics, Choice, and Society
• Subjects: Social sciences, law, business > Business > Business administration; Economics, BUSINESS & ECONOMICS / Entrepreneurship, Entrepreneurship, Business innovation, Entrepreneurship / Start-ups