The Economics of Blockchain and Cryptocurrency

A Transaction Costs Revolution

Edited by James Lee Caton, Center for the Study of Public Choice and Private Enterprise, Challey Institute for Global Innovation and Growth, Department of Agribusiness and Applied Economics, North Dakota State University, US

This timely book is an innovative look at how blockchain technology will transform the structure of social and economic life. The security of blockchain supports the provision and maintenance of reliable databases and the creation of rule-based governance protocols. Leading contributors expertly review the impact of blockchain on existing structures of law, monetary systems, supply chains and business organizations.

‘How are blockchain programs, on which cryptocurrencies and other applications are built, shaping the future of firms, markets, and finance? James Caton has assembled a first-rate group of contributors to provide cutting-edge insights into the new technologies and their sometimes surprising implications. Readers of this volume will be a step ahead in understanding what is happening in the evolution of payment systems and in the governance of market institutions.’
– Lawrence H. White, George Mason University, US

‘The Economics of Blockchain and Cryptocurrency reveals the profound impact of blockchain, and its growing suite of applications, in reconfiguring the costs of economic exchange. This engaging collection, written by leading experts in the field, represents an essential guide to understanding the operational and institutional implications of blockchain.’
– Mikayla Novak, Australian National University, Australia