From the 38 New York Times "Buzzwords of 2008":
Pronounced FEW-tark-ee. A theoretical government controlled in part by speculative markets. Coined by Robin D. Hanson of George Mason University.
Now if only I could just get some group somewhere to actually try it.
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[...] Robin Hanson on Futarchy as a buzzword. My comment there: Maybe futarchy’s rising prominence as an idea will get it noticed by more companies who will try it for making decision privately, deciding what their next move should be. I guess there would be problems of a business maybe not having a big enough number of employees betting. I suppose the bigger companies are possibly more conservative than the smaller ones, and less likely to implement, whereas smaller companies might be more daring but not have enough employees to make an internal betting market. Is that a problem or am I way off? [...]
By Making up rational-sounding stories, rebranding atheists, novelists playing god « Mike Kenny November 24, 2011 at 7:01 am