Lesson plan
Futarchy
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. It was named by The New York Times as a buzzword of 2008. The idea has been subsequently expanded to explore its potential in the context of blockchains and the decentralized autonomous organization (DAO). The term "futarchy" combines the word "future" with the suffix "-archy," reflecting its claim to use market predictions to create a "rule by the (predicted) future".
Article summary
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. It was named by The New York Times as a buzzword of 2008. The idea has been subsequently expanded to explore its potential in the context of blockchains and the decentralized autonomous organization (DAO). The term "futarchy" combines the word "future" with the suffix "-archy," reflecting its claim to use market predictions to create a "rule by the (predicted) future".
Key claims
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Discussion questions
- Summarise the article in your own words. Which single claim would you verify first, and why?
- Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
- If two sources disagreed about one of these facts, what would you need in order to trust one over the other?
Bibliography
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Key claims and bibliography are generated from the same tracked claims and sources as the article page.