Tomorrow 3.0 – The Sharing Economy
November 19, 2015 | 5:00 pm - 6:00 pm | Farrell Hall - Room 155, 1834 Wake Forest Rd, Winston-Salem, NC 27106
There have been two very destructive revolutions in economic history, the Neolithic and the Industrial. We are on the verge of the third – Tomorrow 3.0. We own too many things, which wastes space and resources. If entrepreneurs can move from selling stuff to selling reductions in transactions costs, it will become possible to rent, share, or cooperate on dimensions that were unimaginable ten years ago. The three main aspects of transactions costs: transact, trust, and transport, will be integrated into a “product” that is sold via software platforms on smart phones. And the world will never be the same. Many of the consequences may be bad, but the change is inevitable. How will YOU adjust?
Dr. Munger is a Professor in the Departments of Political Science, Economics, and Public Policy at Duke University. He has won three University-wide teaching awards (the Howard Johnson Award, an NAACP “Image” Award for teaching about race, and admission to the Bass Society of Teaching Fellows). He is currently the director of the interdisciplinary PPE Program at Duke University. His research interests include the study of the morality of exchange and the working of legislative institutions in producing policy. In addition to more than 100 articles and papers published in professional journals and edited volumes, Prof. Munger has written four books, three of them in collaboration with the late Dr. Melvin Hinich.