Crypto-macroeconomics

Forthcoming as Chapter 11 in The Legacy of Richard Wagner (eds. P. Boettke and C. Coyne)

16 Pages Posted: 15 Sep 2022

See all articles by Jason Potts

Jason Potts

Royal Melbourne Institute of Technolog (RMIT University)

Chris Berg

Royal Melbourne Institute of Technolog (RMIT University)

Sinclair Davidson

RMIT University

Date Written: August 31, 2022

Abstract

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

Potts, Jason and Berg, Chris and Davidson, Sinclair, Crypto-macroeconomics (August 31, 2022). Forthcoming as Chapter 11 in The Legacy of Richard Wagner (eds. P. Boettke and C. Coyne), Available at SSRN: https://ssrn.com/abstract=4205354 or http://dx.doi.org/10.2139/ssrn.4205354

Jason Potts (Contact Author)

Royal Melbourne Institute of Technolog (RMIT University) ( email )

Chris Berg

Royal Melbourne Institute of Technolog (RMIT University) ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Sinclair Davidson

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

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