Matt Prewitt

Between Abundance and Scarcity

In a democracy, every citizen possesses an equal share of the state’s coercive power. They are thus entitled to equal control over the state’s coercive apparatus through voting. However, the same citizens possess unequal shares of the society’s total wealth.

What Are Institutions?

What do we mean by “institutions”? And why do we think we can improve them using mechanism design? Here are some thoughts about the nature of institutions and the fundamental importance of vibrant, deep participation.