Forthcoming as Chapter 11 in The Legacy of Richard Wagner (eds. P. Boettke and C. Coyne)
16 Pages Posted: 15 Sep 2022
Date Written: August 31, 2022
This chapter presents a Wagnerian vision of macroeconomics as a hybrid of several schools of thought and analytic frameworks, including public choice theory, constitutional economics, complexity economics, and evolutionary economics. We then review recent economic analysis of emerging crypto-economic systems. Toward synthesis, we propose that Wagnerian macroeconomics is a useful framework to understand how blockchains and crypto assets provide economic infrastructure and institutions for new private order economies, a new research field we call crypto-macroeconomics. We explore four proposed subfields of crypto-macroeconomics: technology, constitutions, money, and policy.
Keywords: macroeconomoics, blockchain, cryptoeconomics
JEL Classification: E00, E02, B52, O30
Suggested Citation: Suggested Citation