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Contracts in Cyberspace

phutureboy writes "In his online Journal of Interesting Economics, economist David D. Friedman (son of Nobel laureate Milton Friedman) presents some interesting ideas about the enforcement of contracts in cyberspace. The gist is that he sees a gradual shift away from public enforcement of contracts (i.e. government courts) to private enforcement (e.g. third party arbitration, reputationial enforcement). The rest of his site is interesting as well - he even has an archive of his open-source economics software, which includes a neat trading simulation game called Hansa."

10 of 61 comments (clear)

  1. frist psot by Anonymous Coward · · Score: -1, Offtopic

    is slashdot slow at the moment or is it just me?

  2. frit by Anonymous Coward · · Score: -1, Offtopic

    post propza to #slutza

  3. The best trading game I ever played was... by The+Original+Yama · · Score: 2, Offtopic

    ...Taipan, a game where you ran a trading vessel in the South China Sea. It ran on my primary school's old Microbee computers (yay!). It was written in BASIC, so myself and my friends would go through the source and change all the items and places. In my game, you travelled to ports like Manilla and traded whores. Aaah, fifth grade! I wish I could go back...

  4. Re:Is it just me or... by Anonymous Coward · · Score: -1, Offtopic

    It's the new "economy" server hosting package solution. Apparently, not enough Linux fanboys have been clicking on all the Microsoft ads.

  5. Re:private enforcement by hardaker · · Score: 0, Offtopic

    You wouldn't want to have an accident, would ya COLONEL? Accidents happen, COLONEL! You wouldn't want something to happen to all those tanks, would ya COLONEL?

    --
    The next site to slashdot will be ready soon, but subscribers can beat the rush and start slashdotting it early!
  6. The real Paul Welllstone by Anonymous Coward · · Score: -1, Offtopic

    This "champion for the poor and powerless" was a fraud. He was so deep in the pockets of the corrupt teachers unions and slimey trial lawyers it wasn't funny. His blatent disregard for the hard working middle class taxpayers was legendary. And his legacy will be shit when that asshole Mondale goes down in flames on Tuesday. Rot in Hell Wellstone you creep.

  7. Not just you by Anonymous Coward · · Score: -1, Offtopic

    I've tried to discuss this ever since the move but, Slashdot doesn't tolerate such heracy. So, everytime I mention it I'm immediately moderated to -1 Troll or Offtopic. I'm sure that this post will be modded down too, that's why it's AC. I'm not wasting anymore Karma.

    1. Re:Not just you by Anonymous Coward · · Score: -1, Offtopic

      Slashdot doesn't tolerate such heracy.

      Heresy. A heretic spreads heresy.

  8. Senator Paul Wellstone dead at 55 by Anonymous Coward · · Score: -1, Offtopic

    I just heard some sad news on talk radio: Corrupt Liberal politician Paul Wellstone 55 has dies in a fiery airplane crash. Also killed were his homosexual lover and 15 illegal Mexican boys they were transporting to NAMBLA convention. Even if you did not appreciate his hypocrisy, there is no denying the contribution the late Senator made to hardcore gangsta rap culture.

  9. Hansa by nazh · · Score: 0, Offtopic

    If the Hansa game is a good as the Hansa beer(site in norwegian) i'll give it a try