Understanding the Blockchain Economy: An Introduction to Institutional Cryptoeconomics (New Horizons in Institutional and Evolutionary Economics series) - Hardcover

Berg, Chris; Davidson, Sinclair; Potts, Jason

Hardcover

ISBN 10: 1788974999 ISBN 13: 9781788974998

Publisher: Edward Elgar Publishing Ltd, 2019

Synopsis

Offering the first scholarly analysis of the economic nature of blockchains and the formation of the blockchain economy, this timely book explores the future of global capitalism. Applying the institutional economics of Ronald Coase and Oliver Williamson, the authors highlight how blockchains are poised to reshape the nature of firms, governments, markets and civil society.

Chapters apply basic economic principles to explore blockchains and distributed ledger technologies through the framework of institutional economics. The book suggests ways in which cryptocurrencies such as Bitcoin may develop further in the future, bringing us back to a barter economy which removes the need for a third person in economic transactions. Outlining a ledger-centric view of the economy, the authors explore how blockchains and dehierarchalisation will reduce the demand for government regulation.

Institutional economists and scholars will greatly appreciate the thorough analysis of the development of institutional cryptoeconomics and insight into the future of blockchains that this book offers. Computer and technology scientists will also find this book to be a valuable read, as well as those working specifically in the blockchain industry.

About this title

About the Author

Chris Berg, Sinclair Davidson and Jason Potts, RMIT Blockchain Innovation Hub, School of Economics, Finance and Marketing, RMIT University in Melbourne, Australia

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2019
• Language: English
• ISBN 10: 1788974999
• ISBN 13: 9781788974998
• Binding: Hardcover
• Number of pages: 224