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

by Chris Berg, Sinclair Davidson, and Jason Potts

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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...

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  • ISBN10 1788974999
  • ISBN13 9781788974998
  • Publish Date 30 August 2019
  • Publish Status Active
  • Publish Country GB
  • Imprint Edward Elgar Publishing Ltd
  • Format Hardcover
  • Pages 224
  • Language English