October 28, 2013
To Avoid Tyranny of the Majority? Sell Votes, Economist Says
Mark Wilson, Getty Images
If the dismal spectacle of the government shutdown has created any openness to changing how we elect leaders—and how they make decisions—a young economist at the University of Chicago is ready with a proposal.
The rather extreme notion, floated by E. Glen Weyl and amplified by his Chicago law-school colleague Eric Posner, would scrap one man, one vote in favor of a complex system of vote-purchasing. Yes, vote-purchasing. Under this system, called quadratic