The Blockchain Alternative Rethinking Macroeconomic Policy and Economic – Kariappa Bheemaiah

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Summary

• Examine what would happen if we were to deploy blockchain technology at the sovereign level and use it to create a decentralized cashless economy.

• This book explains how finance and economics work today, and how the convergence of various technologies related to the financial sector can help us find solutions to problems, such as excessive debt creation, banks getting too big to fail, and shadow banking.

• The Blockchain Alternative offers sensible corrections to outdated and incorrect dogmas, such as the efficient markets hypothesis and rational expectations theory.

• You’ll also be introduced to universal basic income, the consequences of going cashless, why complexity economics needs to be understood and what kinds of tools and theories you'll need to redefine the existing definition of capitalism.

• While the book does discuss technologies and methods that are primed for our future, a number of references are made to economic history and the works of great thinkers from a different era.