Glen Weyl on Radical Markets

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4.7 • 4.3K Ratings

🗓️ 21 May 2018

⏱️ 63 minutes

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Summary

Economist Glen Weyl of Microsoft Research New England and Visiting Senior Research Scholar at Yale University talks with EconTalk host Russ Roberts about his book (co-authored with Eric Posner) Radical Markets. Weyl urges a radical transformation of land and housing markets using a new federal real estate tax based on self-assessment. Owners would be required to sell their houses at the self-assessed price. Weyl argues this would eliminate the market power home owners have in the re-sale market and the revenue tax would could be used to reduce inequality. In the last part of the conversation, Weyl proposes an overhaul of U.S. immigration policy by having residents sponsor immigrants for a fee.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.0	Our website is econtalk.org, where you can subscribe, comment on this podcast,
0:17.0	and find links and other information related to today's conversation.
0:21.0	We'll also find our archives where you can listen to every episode we've ever done going back to 2006.
0:27.0	Our email address is mailadycontalk.org. We'd love to hear from you.
0:33.0	Today is May 1st, 2018, and I guess is Eeklin Wild.
0:37.0	Glenn is a principal researcher at Microsoft Research to England,
0:41.0	whose work aims to use technology and economics to find new ways to organize societies
0:46.0	to reduce inequality, increase productivity, and ease political tensions.
0:50.0	He is a visiting senior research scholar and lecturer in the economics department
0:54.0	at the Harvard University, and he is a publisher at the Harvard University.
0:58.0	He has published widely in economic theory, market design, market mechanisms,
1:02.0	and with Eric Posner, he is the author of Radical Markets,
1:06.0	Uprooting Capitalism and Democracy for Adjust Society,
1:09.0	and that book is our topic for today. Glenn, welcome to Econ Talk.
1:12.0	Great to talk to you, Russ.
1:14.0	The book is called Radical Markets, and it's Radical in many ways.
1:18.0	It's an extremely ambitious vision of how to remake emergent markets from the top down,
1:22.0	and it's rather than regulation.
1:24.0	The sweep of the book is impressive.
1:26.0	It covers property, immigration, voting, data issues surrounding social media, antitrust issues,
	...

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