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Transcending Government — Consensual Governance and New Technology

“Any useful statement about the future should at first seem ridiculous.” –Jim Dator Humans are three-dimensional animals. They require physical space to live, work, and play. Over thousands of years, humans built physical communities of different shapes, sizes, and compositions to accommodate their three-dimensional existence. But increasingly, humans are also building virtual communities that…
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Principal-agent Theory and Representative Government

In recent decades economists have devoted great efforts to the analysis of the principal-agent problem (see for example Milgrom and Roberts 1992 and the Wikipedia article on “Principal-agent Problem”). This area of study has to do with the incentives and disincentives of an agent acting on half of a principal that he is presumed or…
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