Futarchy

Noun

Word Frequency: 0.1

Definitions

1.NounA form of government proposed by economist Robin Hanson, in which elected officials define measures of national welfare and prediction markets are used to determine which policies will have the most positive effect.

Synonyms

hayekism fiscalism neofeudalism welfare capitalism neo-capitalism heterocracy friedmanite geniocracy monarchofascism fraudonomics hayekian monarcho-fascism

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