Tomorrow 3.0
Subtitle: transaction costs and the sharing economy
By: Michael C. Munger
Series: Cambridge studies in economics, choice, and society; Cambridge studies in economics, choice, and society
Publisher: Cambridge University Press
Published: 2018
Language: eng
Number of pages: 173
ISBN-13: 9781108427081; 9781108447348
Subjects: Cooperation; Transaction costs
Other titles: Tomorrow three point zero :; Transaction costs and the sharing economy
Description: "With the growing popularity of apps such as Uber and Airbnb, there has been a keen interest in the rise of the sharing economy. Michael C. Munger brings these new trends in the economy down to earth by focusing on their relation to the fundamental economic concept of transaction costs. In doing so Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He shows how, for the first time, entrepreneurs can sell reductions in transaction costs, rather than reductions in the costs of the products themselves. He predicts that smartphones will be used to commodify excess capacity, and reaches the controversial conclusion that a basic income will be required as a consequence of this new 'transaction costs revolution'"--
Notes: Includes bibliographical references (pages 154-168) and index.
Table of contents: title: The world of tomorrow 3.0; title: Division of labor, destruction, and revolution; title: The middleman/sharing economy; title: The answer is "transaction costs" : Uber sells triangulation, transfer, and trust; title: Jobs, work, and adaptation; title: The day after tomorrow.