Chapter 1: Introduction
Chris Berg
,
Sinclair Davidson
, and
Jason Potts
Category:
Monograph Chapter
Published:
30 Aug 2019
Page Range:
1–14
Collection:
Economics 2019
DOI:
https://doi.org/10.4337/9781788975001.00006
Restricted access

Institutional cryptoeconomics is the application of the transaction cost economics of Ronald Coase, James Buchanan, Oliver Williamson, and Elinor Ostrom to blockchain technology. This chapter provides an introduction to the book. It introduces the origins and technology of distributed ledgers with the 2008 invention of Bitcoin by the pseudonymous Satoshi Nakamoto, as well as the allied technologies (such as smart contracts) that form a key part of later analysis. It also provides a methodological observation about the analytic role of ‘high-trust economics’.

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Cover Understanding the Blockchain Economy
Understanding the Blockchain Economy
Monograph Book
Published:
30 Aug 2019
Print ISBN:
9781788974998
eISBN:
9781788975001
DOI:
https://doi.org/10.4337/9781788975001
Pages:
c 224
Collection:
Economics 2019
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