The Political Economy and Feasibility of Bitcoin and Cryptocurrencies Insights from the History of Economic Thought

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.

ISBN:	9781803920931
Publisher:	Edward Elgar Publishing
Imprint:	Edward Elgar Publishing
Published date:	13 May 2022
DEWEY:	332.4
DEWEY edition:	23
Language:	English
Number of pages:	272
Weight:	-1g
Height:	234mm
Width:	156mm

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