Meaning of futarchy | Babel Free

Definitions

A form of government proposed by economist Robin Hanson, in which elected officials define measures of national welfare and prediction markets are used to determine which policies will have the most positive effect.

Examples

“[Vitalik Buterin is] an unabashed geek whose eyes spark when he alights upon one of his favorite concepts, whether it be quadratic voting or the governance system futarchy.”

CEFR level