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Blockchains are the distributed ledger technology that powers Bitcoin and other cryptocurrencies. But blockchains can be used for more than the transfer of tokens – they are a significant new economic infrastructure. This book offers the first scholarly analysis of the economic nature of blockchains and the shape of the blockchain economy. By applying the institutional economics of Ronald Coase and Oliver Williamson, this book shows how blockchains are poised to reshape the nature of firms, governments, markets, and civil society.
A cryptodemocracy is cryptographically-secured collective choice infrastructure on which individuals coordinate their voting property rights. Drawing on economic and political theory, a cryptodemocracy is a more fluid and emergent form of collective choice. This book examines these theoretical characteristics before exploring specific applications of a cryptodemocracy in labor bargaining and corporate governance. The analysis of the characteristics of a more emergent and contractual democratic process has implications for a wide range of collective choice.
We are on the cusp of a dramatic wave of technological change - from blockchain to automated smart contracts, artificial intelligence and machine learning to advances in cryptography and digitisation, from Internet of Things to advanced communications technologies. These are the new technologies of freedom. These tools present a historical unprecedented opportunity to recapture individual freedoms in the digital age - to expand individual rights, to protect property, to defend our privacy and personal data, to exercise our freedom of speech, and to develop new voluntary communities. This book presents a call to arms. The liberty movement has spent too much time begging the state for its libe...
How should a free society protect privacy? Dramatic changes in national security law and surveillance, as well as technological changes from social media to smart cities mean that our ideas about privacy and its protection are being challenged like never before. In this interdisciplinary book, Chris Berg explores what classical liberal approaches to privacy can bring to current debates about surveillance, encryption and new financial technologies. Ultimately, he argues that the principles of classical liberalism – the rule of law, individual rights, property and entrepreneurial evolution – can help extend as well as critique contemporary philosophical theories of privacy.
We spell out the policy settings necessary for the rapid adaptation and market re-coordination that is required to resuscitate the economy. We explain why a return to business as usual is simply not enough to get everyone working again. A period of high growth prosperity will be imperative to deal with the costs of the freeze. This book tackles the tough questions and fills some of the current void of ideas and thinking about economic recovery. We develop a framework and principles for an institutional re-build, presenting a path to recovery based on the ideas of private governance, permissionless innovation, and entrepreneurial dynamism. “Economies are not like video games that can be pau...
The world knows Bon Scott as the wild rocker, the frontman for AC/DC who tragically died of alcohol poisoning on the eve of the band's rise to superstardom. We know the legend, now meet the man. Live Wire gives us the Bon Scott we never knew. In this deeply personal and revealing portrait, we learn what it was like to be his friend, live and tour with him and be part of the close-knit world out of which one of the biggest bands of all time emerged. With Bon, there was always sex, drugs and rock'n'roll, but this deeply personal insight also shows the humour, intelligence and warmth of the man. From his early days with The Valentines, living in rundown apartments in Melbourne, to the legendary early years of AC/DC, this is the story of Bon, told by three of the people who knew him best. John D'Arcy was Bon's roadie and mate. Gabby D'Arcy is Darce's wife and was a close friend of Bon's. And Mary Renshaw was - as AC/DC's former bass player Mark Evans called her - Bon's soulmate and companion. As Bon said, it's a long way to the top. And Mary, Darce and Gabby were with him every step of the way. They lived with him, they loved him, and this is how they remember him.
Red tape costs the Australian economy as much as $176 billion a year. Governments create and enforce thousands of regulations on our workplaces and our communities. These rules slow and prevent businesses forming, people from flourishing, new technologies from being adopted, and hold back Australia's global competitiveness. Australia's Red Tape Crisis is an exploration of the economics, politics and culture of over-regulation. How should we structure our federation to achieve reform? Why should political responsibility sit with the elected? Does Australia have a deep desire for a federal bureaucracy? What is the future of red tape reduction policies? Together, the contributions of economists, philosophers, politicians and lawyers help define a path for overcoming Australia's red tape crisis.
Volume compiles studies of the production and reproduction of market-supporting social infrastructures through the prism of knowledge commons.
Tracing practical reason from its origins to its modern and contemporary permutations The Greek discovery of practical reason, as the skilled performance of strategic thinking in public and private affairs, was an intellectual breakthrough that remains both a feature of and a bug in our modern world. Countering arguments that rational choice-making is a contingent product of modernity, The Greeks and the Rational traces the long history of theorizing rationality back to ancient Greece. In this book, Josiah Ober explores how ancient Greek sophists, historians, and philosophers developed sophisticated and systematic ideas about practical reason. At the same time, they recognized its limits—that not every decision can be reduced to mechanistic calculations of optimal outcomes. Ober finds contemporary echoes of this tradition in the application of game theory to political science, economics, and business management. The Greeks and the Rational offers a striking revisionist history with widespread implications for the study of ancient Greek civilization, the history of thought, and human rationality itself.