The microfoundations of ledgers

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Chapter 4 in Understanding the Blockchain Economy, 2019, pp 54-73 from Edward Elgar Publishing

Abstract: Ledgers are a fundamental economic technology. This chapter develops the ledger-centric view of the economy. Ledgers provide an underlying infrastructure for exchange by allowing actors to prove, validate, and verify property ownership. In this sense ledgers map economic, political and social relationships. The chapter offers three analytic categories of ledgers (general, actual, and perfect), and considers the evolution of ledger technology in this context. Finally, the chapter tackles ledgers as rule sets for economic coordination, and the significance of this for interoperability.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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