Decentralization - A Primer on the New Economy

20 Pages Posted: 24 Jun 2019

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas, Minnesota - School of Law

Date Written: June 18, 2019

Abstract

Out of necessity, humans have engaged in centralized thinking since the emergence of tribal societies and throughout urbanization and the industrial revolution. Emerging decentralized technology transcends traditional economic notions of capitalism versus socialism and inaugurates new forms of economic exchange. The author examines the evolution of decentralized solutions for commerce and society as well as associated opportunities and obstacles.

Keywords: Decentralization, Decentralized Commerce, Emerging Technology, Token Models, Incentive Design, Tokens, Blockchain, Distributed Ledger Technology, Reputation Verification, Economics, Socialism, Capitalism

JEL Classification: K20, K23, K32, L43, L5, O31, O32

Suggested Citation

Kaal, Wulf A., Decentralization - A Primer on the New Economy (June 18, 2019). Available at SSRN: https://ssrn.com/abstract=3406323 or http://dx.doi.org/10.2139/ssrn.3406323

Wulf A. Kaal (Contact Author)

University of St. Thomas, Minnesota - School of Law ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

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