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

RMIT University

Chris Berg

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)

RMIT University ( email )

Chris Berg

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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