Modern Principles. In Cryptoeconomics

professor rat pro2rat at
Thu May 19 20:03:31 PDT 2022

" . . . . textbook, Modern Principles. In Cryptoeconomics we explain just enough cryptography–namely cryptographic hash functions and public-private keys–to understand what new forms of communication and organization have been made possible by these breakthroughs. We then use these fundamentals to explain NFTs, blockchains, Bitcoin, smart contracts and decentralized finance–all in a crisp, compact format accessible to everyone.

Not everyone wants to teach crypteconomics, of course, or has the time (scarcity!) so this chapter will be available as an option to anyone using our book and the Achieve online course management system (in fact, it’s available now). Tyler and I have found, however, that our students, colleagues, even people at dinner parties ask us about crypto. Probably your students and friends will ask you as well. Plus our textbook is called Modern Principles so we thought we were obligated to teach these new ideas!

Cryptoeconomics is a good guide to some fundamentally new ways of trading, communicating, and cooperating.  . . . "

CAVEAT LECTER -  The Economics department of George Mason University has been strongly shaped by tens of millions of dollars of donations by the libertarian Koch Foundations of the billionaire Koch brothers. Most, if not all, of the staff (23 GMU professors on the Mercatus "Scholars" list 5/16/09) is affiliated with the Koch-financed Mercatus Center, a libertarian pro-corporatist think-tank.

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