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Books > History > History of specific subjects > Economic history
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The Political Economy and Feasibility of Bitcoin and Cryptocurrencies - Insights from the History of Economic Thought (Hardcover)
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The Political Economy and Feasibility of Bitcoin and Cryptocurrencies - Insights from the History of Economic Thought (Hardcover)
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In The Political Economy and Feasibility of Bitcoin and
Cryptocurrencies Spencer J. Pack brings his authority as a scholar
and advisor to this study of bitcoin and cryptocurrencies from the
perspective of the history of economic thought. Major theorists
analyzed in depth include Aristotle, Smith, Law, Marx, Keynes,
Rothbard and Hayek, and the book draws extensively upon the ideas
of Schumpeter, Galbraith and Sraffa. The book argues for
reconceptualization of the basic microeconomic categories into
rental, sale and financial asset prices along with a
reconsideration of Keynes' general theory to his special theory and
Rothbard's relationship to Rousseau. The author posits that intense
theoretical and practical struggles will continue over who should
control the quantity of money, the cause of the capitalist
economy's instability, and who or what is more dangerous:
concentrated centers of private wealth and private enterprises or
the contemporary state. He concludes that in terms of the quality
of money, the cryptocurrency community is probably correct, with
new forms of money potentially being better than sovereign fiat
currency. The book's relevance will appeal to members of the
history of economic thought community, economic theorists, and
political science and political theory scholars as well as to
policy makers and members of the cryptocurrency community.
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