*The Sharing Economy* with Arun Sundararajan

“[T]he future has arrived, well in advance of the policies needed to support it,” says Arun Sundararajan, Professor of Information, Operations and Management Sciences at New York University's Leonard N. Stern School of Business. Nowhere can this phenomenon be seen more clearly than in the rapidly-expanding "sharing economy," made up of digital platforms like Uber and AirBnB, which must battle with regulators in some locales to keep their innovative services running. Sundararajan's new book, The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism (MIT Press)contains everything you need to know – both cause and effect – about the radical disruption that is underway. An academic by trade, Sundararajan blends sociology, economics, technology and political science with a keen intuition to highlight the many tensions of the sharing economy, or as he calls it, "crowd-based capitalism." The sharing economy, he notes, is both capitalist and socialist, market-based and gift-based, and largely unregulated yet governed by complex rules and norms. Arun joins Bob to help listeners think about their place in the emerging landscape. Will we manage to harness these changes to become an "empowered entrepreneurs," or is technology turning us into "disenfranchised drones"?