Despite the highly professional book title, I was shocked to learn that this book primarily focuses on the externality-minimising ideas espoused in most econ 101 textbooks found at your local university. Perhaps the tome is more aged than I had hoped for - however, it's never a bad idea to listen to such ideas, so let's dig in.
The early part of the book does in fact explain the idea of economic externalities and examines them in no small amount of detail. The Coase theorem is thrown right out the window, and the government is left as the only remotely competent agency in the land, everybody else being a mad short-term- profit-maximising homo oeconomicus, I guess. Regardless of the assumptions, some interesting ideas come up.
Exhausting economies of scale are something I was quite interested in during the read, as well as worker cooperatives as a systems design strategy. The former focuses on the externality of cost created by economies of scale reaching their zenith and falling into inefficiency, and how governments may rectify this issue through penalties and/or nationalisation. The latter is quite interesting in the competitive governance paradigm.
The system described is one of consensus, wherein the stakeholders of the system must unilaterally make decisions: this is something I agree with fully in that the solutions mentioned in the previous paragraph may be efficiently and ethically implemented through a cooperatively owned unilateral government. The book starts off terribly, but picks up steam to end up being kind of OK.
7/10