Corpus ID: 18059179

The Third Entrepreneurial Revolution : A Middleman Economy

@inproceedings{Munger2015TheTE,
  title={The Third Entrepreneurial Revolution : A Middleman Economy},
  author={M. Munger},
  year={2015}
}
  • M. Munger
  • Published 2015
  • The sharing economy will blur the distinctions between renting and owning a wide variety of durable products. The first great entrepreneurial (Neolithic) revolution transformed hunter-gatherers into fixed agriculturalists. The second (Industrial) revolution dramatically reduced the costs of owning products. The third (Transactions Costs) revolution will reduce the costs of exchange, fostering a sharing economy. Some implications of this revolution, and the likely winners and losers, are spelled… CONTINUE READING
    3 Citations
    Complexities and Dilemmas in the Sharing Economy : The Uber Case
    • 1
    • PDF
    Policy compliance and deterrence mechanism in the sharing economy
    • 3
    Cryptomarkets as a libertarian counter-conduct of resistance
    • 5
    • PDF

    References

    SHOWING 1-10 OF 61 REFERENCES
    The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force
    • 817
    • PDF
    Structure and Change in Economic History
    • D. North
    • Political Science, Economics
    • 1981
    • 4,083
    Sharing, Monitoring, and Incentives: Marshallian Misallocation Reassessed
    • R. Lucas
    • Economics
    • Journal of Political Economy
    • 1979
    • 54
    Market Theory and the Price System
    • 119
    Cooperation, Conflict, and Power in the Absence of Property Rights
    • 938
    Transaction-cost Economics in Real Time
    • 700
    • PDF
    Dictatorship, Democracy, and Development.
    • 2,785
    The economics of time and ignorance
    • 663
    Competition and Entrepreneurship
    • 4,883