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- Title
Blockchains: Less Government, More Market.
- Authors
Berg, Alastair; Markey-Towler, Brendan; Novak, Mikayla
- Abstract
We provide a survey of blockchain's potential to propel private entrepreneurial discovery of institutions that challenge state hegemony. We introduce institutional cryptoeconomics, and then we describe blockchain as a technology that increases the opportunity set of entrepreneurial action. We then survey blockchain's potential to challenge state hegemony in five socioeconomic areas. We also discuss some implications of blockchainbased economic infrastructure for public policy and regulation. These contributions suggest an increasing scope for entrepreneurial action using blockchain to challenge state hegemony. They also suggest a necessary shift in the provision of public goods and government regulatory control.
- Subjects
BLOCKCHAINS; INFRASTRUCTURE policy; INFRASTRUCTURE (Economics); GOVERNMENT policy; PUBLIC goods
- Publication
Journal of Private Enterprise, 2020, Vol 35, Issue 2, p1
- ISSN
0890-913X
- Publication type
Article