I like this article, but I do find the idea of "design" offputting. I prefer negotiation, a dynamic tension between those who want to get rich and those who want to enjoy outputs. Negotiation doesn't always produce the best result, but, when it doesn't more negotiation typically takes place.

The capitalism/socialism debate often boils down to where negotiation takes place: in the market or in Congress. But either way, competing economic interests are bargaining with various degrees of collective muscle. Attempts to “get it right” strike me as hubristic because reality is just too uncooperative. Rather than design an economy, I believe we should design a polity whose rules conduce to the emergence of a just economy. OTOH, some legislation or regulation is the product of bargaining and not of “design,” although it’s pretty easy to mistake one for the other. I could go on…