IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18636_9.html
   My bibliography  Save this book chapter

Capitalism after Satoshi

In: Understanding the Blockchain Economy

Author

Listed:
  • .

Abstract

This chapter explores the long-run economic and policy consequences of wide-spread blockchain technology adoption. Blockchains disrupt the historical rationale for much modern economic policy. the authors formulate the institutional logic of a co-evolutionary model of the demand for economic policy. In the industrial revolution, complex production led to economic growth, but that complexity had to be managed through hierarchical governance. Karl Marx and Joseph Schumpeter both identified the consequences of hierarchy for power relations, creating a demand for public policy to counteract the effects of hierarchy. Blockchains offer the dehierarchicalisation of capitalism, and a corresponding reduction in demand for anti-hierarchy public policy.

Suggested Citation

  • ., 2019. "Capitalism after Satoshi," Chapters, in: Understanding the Blockchain Economy, chapter 9, pages 152-164, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18636_9
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781788974998/chapter09.xhtml
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:18636_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.