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Digital Salon with Vitalik Buterin: Mechanism Design in Political Theory

Palladium Podcast

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Are Markets a Natural Phenomenon?

markets themselves can be thought of as socially engineered. But on the other hand, there is such a thing as what economists call market structure. And thereis kind of institutions that can't significantly influenced outcomes. I mean, i i would guess that prison markets oeny highly interventionist. That's probably a very memechanical way of talko de centralization. Do we have to get something else now? Oh, i mean, libertarianism in general a thing has definitely kind of gone through complicated transformations. In the bay area, and especially when crypto was getting started, there has historically been this sort of libertarian, kind of cipher punk sub culture which animated the way people were thinking about these

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