The Sharing Economy
By Michael C. Munger
A third great economic revolution will come about as the sharing economy slashes transaction costs and turns almost every product into an asset with the potential to earn rental income for its owner. Although the demand for manufactured goods will fall, costing many people their jobs, the quality-adjusted price level will also fall and pressures on the environment will lessen.
|Other Independent Review articles by Michael C. Munger|
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|Summer 2021||Reinventing Racism; American Awakening; That Is Not Who We Are!; The Dictatorship of Woke Capital|
|Summer 2021||Republic of Wrath: How American Politics Turned Tribal, from George Washington to Donald Trump; Democracy against Liberalism: Its Rise and Fall|
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