Some Precepts of the Digital Economy

Critical Blockchain Research Initiative (CBRI) Working Papers, 2020

12 Pages Posted: 26 Jan 2020 Last revised: 14 Feb 2020

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: January 1, 2020

Abstract

The digital economy is fundamentally different from the traditional economy as it existed during the 20th century when many economic theories were crystallized (and ossified). As such, traditional theories fail to encapsulate the amorphous, global, oligopolistic, intangible, and knowledge-driven nature of the digital economy as it has taken shape thus far in the 21st century. This discussion paper helps to set some basic precepts of the digital economy for a wider audience, particularly in terms of its divergences from the tangible traditional economy, while applying much of the same terminology to situate the differences.

Keywords: blockchain, knowledge economy, oligopoly, competition, digital, fourth industrial revolution

Suggested Citation

Chohan, Usman W., Some Precepts of the Digital Economy (January 1, 2020). Critical Blockchain Research Initiative (CBRI) Working Papers, 2020, Available at SSRN: https://ssrn.com/abstract=3512353 or http://dx.doi.org/10.2139/ssrn.3512353

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

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