EconPapers    
Economics at your fingertips  
 

Cryptocurrencies and the Denationalization of Money

Luca Fantacci

International Journal of Political Economy, 2019, vol. 48, issue 2, 105-126

Abstract: The theoretical foundations of bitcoin have been frequently traced back to the Austrian school of economics. To the extent that cryptocurrencies are not issued by a centralized authority and do not rely on an official legal tender status for their acceptance, they may indeed appear as a dramatic departure from the historical trend that has led, over the past few centuries, to the making of national money and as a decisive step toward the “denationalization of money” advocated by F. A. von Hayek. This article investigates to what extent bitcoin truly embodies the principles of stable money prescribed by Hayek and whether the proliferation of cryptocurrencies constitutes a Hayekian monetary competition.

Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/08911916.2019.1624319 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:ijpoec:v:48:y:2019:i:2:p:105-126

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MIJP20

DOI: 10.1080/08911916.2019.1624319

Access Statistics for this article

More articles in International Journal of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2020-07-24
Handle: RePEc:mes:ijpoec:v:48:y:2019:i:2:p:105-126