View source for Futarchy

{{short description|Proposed form of government}}
{{forms of government}}
'''Futarchy''' is a form of [[government]] proposed by economist [[Robin Hanson]], in which elected officials define measures of national wellbeing, and [[prediction market]]s are used to determine which policies will have the most positive effect.<ref>{{Cite book
 | last = Hanson | first = Robin | author-link = Robin Hanson
 | title = Shall we vote on values, but bet on beliefs?
 | citeseerx = 10.1.1.71.8309
 | doi= 
 | year = 2007 }}</ref>

It was named by ''[[The New York Times]]'' as a buzzword of 2008.<ref>{{cite news
  | last1 = Leibovich | first1 = Mark
  | last2 =Barrett | first2 = Grant
  | title = The Buzzwords of 2008
  | work = Week in Review
  | publisher = [[The New York Times]]
  | url = https://www.nytimes.com/ref/weekinreview/buzzwords2008.html?scp=2&sq=futarchy&st=cse
  | doi = 
  | accessdate = 2010-07-23 | date=2008-12-21}}
</ref> The idea of futarchy was later proposed in the context of [[blockchain]]s and [[The DAO (organization)|the DAO]].<ref>{{cite news |last1=Rennie |first1=Ellie |last2=Potts |first2=Jason |title=The DAO: a radical experiment that could be the future of decentralised governance |url=https://theconversation.com/the-dao-a-radical-experiment-that-could-be-the-future-of-decentralised-governance-59082 |access-date=26 December 2020 |work=The Conversation |language=en}}</ref>

==Criticisms==
{{quote|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.<ref>{{Cite web
  | last = Cowen
  | first = Tyler
  | author-link = Tyler Cowen
  | title = Where do I disagree with Robin Hanson?
  | work = Marginal Revolution
  | date = 2007-08-04
  | url = http://www.marginalrevolution.com/marginalrevolution/2007/08/where-do-i-disa.html
  | doi = 
  | accessdate = 2010-07-23}}
</ref>
|[[Tyler Cowen]] }}

==References==
<references/>

==External links==
* {{cite web | url = http://hanson.gmu.edu/futarchy.html | title = Futarchy: Vote values, but bet beliefs | first = Robin | last = Hanson | author-link = Robin Hanson | date = August 2000 | accessdate = 2012-02-20}}
* [https://www.youtube.com/watch?v=Tb-6ikXdOzE Robin Hanson and "Mencius Moldbug" debate futarchy at Foresight] Retrieved 2024-03-14.
* {{cite web | url = https://blog.ethereum.org/2014/08/21/introduction-futarchy/ | title = An Introduction to Futarchy | first=Vitalik | last=Buterin | authorlink= Vitalik Buterin | date = August 2014 | accessdate = 2020-12-26 | work = Etherium Blog }}
[[Category:Forms of government]]

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