Michael Munger joins host Frank Stasio to talk about his new book: Tomorrow 3.0: Transaction Costs and the Shared Economy (Cambridge University Press/2018) which describes a movement that Munger says will rival the Industrial Revolution. In the short term, he sees an acceleration in job loss with jobs being replaced by temporary gigs and a struggle to earn a living wage. In the long term, Munger believes this system of shared economy will foster a spirit of sharing, reduce the need for individual ownership of goods and therefore reduce the overall carbon footprint.
Political Science