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|
|Winter 2020/21||Political Capitalism:How Economic and Political Power Is Made and Maintained|
|Winter 2020/21||The Hand behind the Invisible Hand:Dogmatic and Pragmatic Views on Free Markets and the State of Economic Theory|
|Fall 2020||Understanding the Blockchain Economy:An Introduction to Institutional Cryptoeconomics|
|[View All (51)]|