Want to know what books Jason Furman recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Jason Furman's favorite book recommendations of all time.
Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking--and pretty much all conventional thinking about markets, both for and against--on its head. The book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit... more
Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking--and pretty much all conventional thinking about markets, both for and against--on its head. The book reveals bold new ways to organize markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawaken the dormant nineteenth-century spirit of liberal reform and lead to greater equality, prosperity, and cooperation.
Eric Posner and Glen Weyl demonstrate why private property is inherently monopolistic, and how we would all be better off if private ownership were converted into a public auction for public benefit. They show how the principle of one person, one vote inhibits democracy, suggesting instead an ingenious way for voters to effectively influence the issues that matter most to them. They argue that every citizen of a host country should benefit from immigration--not just migrants and their capitalist employers. They propose leveraging antitrust laws to liberate markets from the grip of institutional investors and creating a data labor movement to force digital monopolies to compensate people for their electronic data.
Only by radically expanding the scope of markets can we reduce inequality, restore robust economic growth, and resolve political conflicts. But to do that, we must replace our most sacred institutions with truly free and open competition--Radical Markets shows how. less
Jason FurmanI love reading economics and I love reading science fiction. Radical Markets is a great combination of both. This book is by E. Glen Weyl and Eric Posner, son of the Richard who played a critical role in the spread of the Chicago School view. It centers around five ideas for promoting more inclusive growth. Each idea gets its own chapter, beginning with a fictional vignette set in the near... (Source)
Antitrust commentators widely regard the prohibition on price fixing as the most settled and economically sound area of antitrust. Whinston's discussion seeks to unsettle this view, suggesting that some fundamental issues in this area are, in fact, not well understood. In his discussion of horizontal mergers, Whinston describes the substantial advances in recent theoretical and empirical work and suggests fruitful directions for further research. The complex area of exclusionary vertical contracts is perhaps the most controversial in antitrust. The influential Chicago School cast doubt on arguments that vertical contracts could be profitably used to exclude rivals. Recent theoretical work, to which Whinston has made important contributions, instead shows that such contracts can be profitable tools for exclusion. Whinston's discussion sheds light on the controversy in this area and the nature of those recent theoretical contributions.
Sponsored by the Universidad Torcuato Di Tella less
Jason FurmanWhen I was Chairman of the Council of Economic Advisers, one of my outgoing staff members gave me this book as a present on their last day. Lectures on Antitrust Economics is definitely not light reading. But this book of lectures by MIT economist Michael Whinston is important reading, and it played an important role for me. (Source)
Jason FurmanThe Antitrust Paradox was an extremely important book, a real example of how ideas can have a major impact in the world, for better or for worse. It was an important corrective to some of the badly thought-out overreaches in antitrust policy at the time and advocated for concepts that are still relevant today. (Source)
This book breaks free of traditional ideological arguments of the Right and Left and points to a... more
This book breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism. less
Jason FurmanAt the risk of offending every economist friend of mine who has ever written a book, this is my favorite title of any economics book, the one I most wish I had come up with. And it’s an excellent book, too. The basic thesis is that capitalists—like the CEOs that run major corporations—do not actually like competition or markets. They like to be insulated from competition, to receive subsidies... (Source)
Jason FurmanEconomics is largely the study of what the brilliant Albert Hirschman called ‘exit.’ If you don’t like a product, you stop buying it and instead purchase an alternative, exercising your ability to exit the product. Hirschman, however, points out that in society more broadly, and even in the economy specifically, ‘exit’ is not our only option—we also have voice. (Source)
Richard B FreemanWhat did Hirschman mean by exit and voice? Say you are in a restaurant and your soup is too salty. One option is too storm out. That’s exit. The other option is to call the waiter over and say, ‘Please bring the soup back and ask the chef to make it less salty.’ That’s voice. (Source)
Boldly calling into question our most basic assumptions about American politics, Caplan contends that... more
Boldly calling into question our most basic assumptions about American politics, Caplan contends that democracy fails precisely because it does what voters want. Through an analysis of Americans' voting behavior and opinions on a range of economic issues, he makes the convincing case that noneconomists suffer from four prevailing biases: they underestimate the wisdom of the market mechanism, distrust foreigners, undervalue the benefits of conserving labor, and pessimistically believe the economy is going from bad to worse. Caplan lays out several bold ways to make democratic government work better--for example, urging economic educators to focus on correcting popular misconceptions and recommending that democracies do less and let markets take up the slack.
The Myth of the Rational Voter takes an unflinching look at how people who vote under the influence of false beliefs ultimately end up with government that delivers lousy results. With the upcoming presidential election season drawing nearer, this thought-provoking book is sure to spark a long-overdue reappraisal of our elective system. less
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