The Political Economy and Feasibility of Bitcoin and Cryptocurrencies - Insights from the History of Economic Thought (Hardcover)

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.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	May 2022
Authors:	Spencer J. Pack
Dimensions:	234 x 156mm (L x W)
Format:	Hardcover
Pages:	272
ISBN-13:	978-1-80392-093-1
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Humanities > History > History of specific subjects > Economic history Books > Computing & IT > Applications of computing > Databases > Data security & data encryption Books > History > History of specific subjects > Economic history Promotions
LSN:	1-80392-093-9
Barcode:	9781803920931

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