The Prospects of Cryptocurrency as an Instrument of Public Wealth Management
https://doi.org/10.22394/1726-1139-2022-1-28-34
Abstract
The main modern ways of eradicating poverty and inequality are considered: within the framework of the market paradigm; within a regulated economy; by social policy tools.
Cryptocurrency as non-state money and money unsecured by material benefits helps solve the problems of lack of liquidity in both anti-inflationary and pro-inflationary policies, without harming the state as an issuer.
Within the framework of the planned economy, cryptocurrency allows to solve the same problems that were solved by manipulating the different cost of money in the market and planned sector.
About the Authors
O. A. Antoncheva
Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management of RANEPA)
Russian Federation
Russian Federation
Olga A. Antoncheva, Associate Professor the Chair of Public Relations and Social Technologies, PhD in Political Science
Saint Petersburg
T. E. Apanasenko
Independent researcher
Russian Federation
Russian Federation
Tatiana E. Apanasenko, Independent researcher, PhD in Political Science
Saint Petersburg
References
1. Antoncheva O. A., Apanasenko T. E. The State’s Attitude to Cryptocurrency as an Indicator of Its Trust in Society // Administrative consulting [Upravlencheskoe konsul’tirovanie]. 2020. N 11. P. 130–139 (in Rus).
2. Antoncheva O. A., Apanasenko T. E. Reducing the Rural-Urban Social Inequality: Chinese and Russian Comparative Experience // Administrative consulting [Upravlencheskoe konsul’tirovanie]. 2021. № 1. P. 61–76 (in Rus).
3. Christaller W. Central Places in Southern Germany. New York : Prentice Hall: Englewood Cliffs, 1966.
4. Coase R. H. The Nature of the Firm // Economica. Blackwell Publishing. N. S. 1937. Vol. 4 (16). P. 386–405.
5. Douglas C. H. Social Credit [1924]. Omnie Publications. Hawthorn, Calif, 1966.
6. Friedman M., Schwartz A. J. Has Government Any Role in Money? / ed. A. J. Schwartz. Money in Historical Perspective. Chicago : Chicago University Press, 1987. P. 289–314.
7. Friedrich C. J. Alfred Weber’s Theory of the Location of Industries. Chicago : Chicago University Press, 1929.
8. Gesell S. The Natural Economic Order. 1916. Rev. Edn. Peter Owen. London, 1958.
9. Hall P. (ed.). Von Thünen’s Isolated State. Oxford : Pergamon Press, 1966.
10. Hayek F. A. The Denationalization of Money. London : Institute of Economic Affairs, 1976.
11. Herzog H. W., Olsen R. J. Shift-share Analysis Revisited: The Allocation Effect and the Stability of Regional Structure, a Reply // Journal of Regional Science. 1979. N 19. P. 393–395.
12. Hotelling H. Stability in Competition // The Economic Journal. 1929. Mar. Vol. 39 (153). P. 41–57.
13. Isard W. Location and the Space Economics. Cambridge, USA : MIT Press, 1956.
14. Klein B. The Competitive Supply of Money // Journal of Money, Credit and Banking. 1974. Vol. 6. N 4. P. 423–453.
15. Knight F. H. Risk, Uncertainty and Profit. London, 1933.
16. Lasuén J.R. On Grouth Poles // Urban Studies. 1969. N 6. P. 137–152.
17. Lösch A. The Economics of Location. New Haven : Yale University Press, 1954.
18. Macgregor D. H. Industrial Combination. London, 1906.
19. Meulen H. Free Banking. London : Macmillan, 1934.
20. Myrdal G. Economic Theory and Underdeveloped Regions. London : University Paperbacks, Methuen, 1957.
21. O’Hara P. A. Principle of Circular and Cumulative Causation: Fusing Myrdalian and Kaldorian Growth and Development Dynamics // Journal of Economic Issues. 2008. Vol. 42. Is. 2. Papers from the 2008 AFEE Meeting. P. 375–387.
22. Pottier P. Axes de communication et développement économique // Revue économique. 1963. V. 14. P. 88–122.
23. Rittershauzen H. Der Neubau des deutschen Kredit-Systems. Berlin, 1932.
24. Rogojanu A., Badea L. The issue of competing currencies. Case study — Bitcoin // Theoretical and Applied Economics. 2014. V. XXI. N 1 (590). P. 103–114.
25. Selgin G. Bitcoin: Problems and Prospects. Prepared for Hillsdale University’s 2014 Free Market Forum. Indianopolis, Indiana, 2014.
26. Tullock G. Taper Money — A Cycle in Cathay // Economic History Review. 1957. Vol. 9. Is. 3. P. 393–407.
27. Tullock G. Competing Moneys // Journal of Money, Credit and Banking. 1975. Vol. 7. N 4. P. 491–497.
Review
For citations:
Antoncheva O.A., Apanasenko T.E. The Prospects of Cryptocurrency as an Instrument of Public Wealth Management. Administrative Consulting. 2022;(1):28-34. (In Russ.) https://doi.org/10.22394/1726-1139-2022-1-28-34
Views:
448
Email this article 