The Emergence of Private Governance
Fergus Hodgson, August 28, 2018 
The world is getting better, and much of it is thanks to private governance. Sven Schütt, a German visiting scholar with the American Institute for Economic Research, argues that this fact is lost on most people even though they benefit from it every day.
Private rules we agree upon in the digital space—Ebay, Uber, AirBnb—and in the physical world—special economic zones, homeowner associations—are the backbone of our increasingly superior living standards in the 21st century.
Countless startups are showing there are better and more efficient ways to organize societies. (Bunkyo.info)
Recommended Links
- Read Sven’s articles at the American Institute for Economic Research.
- Tomorrow 3.0: Transaction Costs and the Sharing Economy, by Michael Munger.
- The Social Singularity, by Max Borders.
- Private Governance: Creating Order in Economic and Social Life, by Edward Stringham.
- Visit Social Evolution, a non-profit startup dedicated to solving social problems through innovation.
- Check out the recently founded Institute for Competitive Governance and the Center for Innovative Governance Research.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.
