Futarchy

Source of power

Democracy (rule by many)
Demarchy Direct Economic Liberal Representative Social Socialist Others
Oligarchy (rule by few)
Anocracy Aristocracy Gerontocracy Kleptocracy Kritarchy Meritocracy Noocracy Particracy Plutocracy Stratocracy Technocracy Theocracy
Autocracy (rule by one)
Despotism Dictatorship Military dictatorship Tyranny
Anarchy (rule by none)
Anarchism Free association Stateless

Power ideology

Monarchy Republic (socio-political ideologies)
Absolute Communist Constitutional Directorial Legalist Parliamentary Presidential Semi-presidential
Authoritarian Libertarian (socio-economic ideologies)
Anarchism Colonialism Communism Despotism Distributism Fascism Feudalism Socialism Totalitarianism Tribalism
Religious Secular
State religion Secular state Separation of church and state State atheism
Global Local (geo-cultural ideologies)
City-state Intergovernmental organisation National government World government Nationalism Internationalism Globalism

Power structure

Unitarism
Unitary state Empire Principality
Client state
Associated state Dependent territory Dominion Protectorate Puppet state Puppet monarch Satellite state Self-governing colony Tributary state Buffer state Vassal state Viceroyalty
Federalism
Confederation Devolution Federation Superstate Supranational union
International relations
Small power Middle power Regional power Emerging power Great power Superpower

Futarchy is a form of government proposed by economist Robin Hanson, in which elected officials define measures of national wellbeing, and prediction markets are used to determine which policies will have the most positive effect.^[1]

It was named by The New York Times as a buzzword of 2008.^[2] The idea of futarchy was later proposed in the context of blockchains and the DAO.^[3]

Criticisms

Economist Tyler Cowen said

I would bet against the future of futarchy, or its likelihood of succeeding were it in place. Robin says "vote on values, bet on beliefs", but I don't think values and beliefs can be so easily separated.^[4]

References

^ Hanson, Robin (2007). Shall we vote on values, but bet on beliefs?. CiteSeerX 10.1.1.71.8309.
^ Leibovich, Mark; Barrett, Grant (2008-12-21). "The Buzzwords of 2008". Week in Review. The New York Times. Retrieved 2010-07-23.
^ Rennie, Ellie; Potts, Jason. "The DAO: a radical experiment that could be the future of decentralised governance". The Conversation. Retrieved 26 December 2020.
^ Cowen, Tyler (2007-08-04). "Where do I disagree with Robin Hanson?". Marginal Revolution. Retrieved 2010-07-23.

External links

Hanson, Robin (August 2000). "Futarchy: Vote values, but bet beliefs". Retrieved 2012-02-20.
Varian, Hal R. (May 8, 2003). "A Market Approach to Politics". The New York Times.
Gelman, Andrew (November 21, 2005). "Questions about Futarchy". Statistical Modeling, Causal Inference, and Social Science (blog). Retrieved 2012-02-20.
Robin Hanson and "Mencius Moldbug" debate futarchy at Foresight Retrieved 2024-03-14.
Buterin, Vitalik (August 2014). "An Introduction to Futarchy". Etherium Blog. Retrieved 2020-12-26.

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