This book asks “what-if questions” about the economy. It is an interesting idea that we should have a weighted vote on things based on how much we care about them. Other similar ideas include: “each individual must pay an amount equal to the cost that her actions impose on others”. I’d be more interested in seeing how they succeed or fail in practice. I think it is similar to research, where an idea can sound great, but implementing it with a quick feedback loop is the best way to test ideas out. And I don’t know how to make the feedback loop quicker for politics or economics.
It was an interesting read mostly because of the general topic.
- The flaw of central planning: people’s valuations are private information.