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Tomorrow 3.0 - Transaction Costs and the Sharing Economy (Hardcover)
Loot Price: R1,659
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Tomorrow 3.0 - Transaction Costs and the Sharing Economy (Hardcover)
Series: Cambridge Studies in Economics, Choice, and Society
Expected to ship within 12 - 17 working days
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With the growing popularity of apps such as Uber and Airbnb, there
has been a keen interest in the rise of the sharing economy.
Michael C. Munger brings these new trends in the economy down to
earth by focusing on their relation to the fundamental economic
concept of transaction costs. In doing so Munger brings a fresh
perspective on the 'sharing economy' in clear and engaging writing
that is accessible to both general and specialist readers. He shows
how, for the first time, entrepreneurs can sell reductions in
transaction costs, rather than reductions in the costs of the
products themselves. He predicts that smartphones will be used to
commodify excess capacity, and reaches the controversial conclusion
that a basic income will be required as a consequence of this new
'transaction costs revolution'.
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