Part of speech: n.
Quotation: Robin D. Hanson, an economist at George Mason University, proposes a “futarchy,” a form of government enhanced by prediction markets. Voters would decide broad goals of national welfare, but betting in speculative markets would determine the policy steps to achieve those goals.
Author:
Steve Lohr
Date of publication:
Apr. 9, 2008
This catchword has yet to be researched.