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Visiting Researcher, The Foresight Institute P.O. Box 61058, Palo Alto, CA 94306 USA hanson@charon.arc.nasa.gov 510-651-7483 To appear in Social Epistemology, 1992. (version appeared: in Proc. Eighth Intl. Conf. on Risk and Gambling, London, 7/90.) C ....

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.... and worth further study. INTRODUCTION After reviewing the discrepancy between what we want from academic institutions and what we get from current institutions, a market-based alternative called "idea futures" is suggested. It is described through both a set of specific scenarios and a set of detailed procedures. Over thirty possible problems and objections are examined in detail. Finally, a development strategy is outlined and the possible advantages are summarized. THE PROBLEM THE SCIENTIFIC REVOLUTION Four centuries ago, some Europeans complained that the existing academic institutions were biased against them. Insiders, it was ....